The IMF and Russia in the 1990s
AbstractThis paper explains the IMF's impact on economic policies in Russia, focusing on where the IMF made a difference. The Russian economic and political leadership essentially determined economic policies. The IMF's influence was modest: it had only a limited impact on overall fiscal policy and the major structural reforms, but it had a positive impact on monetary policy. A tougher position on fiscal policy in 1996-98 might have produced a better outcome. The G-7's concerns weakened the IMF. However, the IMF played a major role in transferring knowledge about macroeconomic policymaking and implementation.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 04/155.
Date of creation: 01 Aug 2004
Date of revision:
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-10-22 (All new papers)
- NEP-FIN-2005-10-22 (Finance)
- NEP-HIS-2005-10-22 (Business, Economic & Financial History)
- NEP-MAC-2005-10-22 (Macroeconomics)
- NEP-TRA-2005-10-22 (Transition Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Stanley Fischer & Ratna Sahay, 2000. "The Transition Economies After Ten Years," NBER Working Papers 7664, National Bureau of Economic Research, Inc.
- Gaidar, Yegor, 1997. "The IMF and Russia," American Economic Review, American Economic Association, vol. 87(2), pages 13-16, May.
- Stanley Fischer & Ratna Sahay, 2000. "The Transition Economies After Ten Years," IMF Working Papers 00/30, International Monetary Fund.
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