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Russian Federation; Selected Issues

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  • International Monetary Fund

Abstract

The Selected Issues paper and Statistical Appendix analyzes output developments in the Russian Federation since the 1998 crisis. It outlines near-term growth prospects for the economy. The paper highlights that output growth accelerated in 1999 and the first half of 2000, but has slowed since then. The initial output recovery was led by import substitution as a result of the large exchange rate depreciation in 1998. One finding in the context of an overall policy package is that the real exchange rate and oil prices were the main determinants of growth after the 1998 crisis.

Suggested Citation

  • International Monetary Fund, 2002. "Russian Federation; Selected Issues," IMF Staff Country Reports 02/75, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:02/75
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=15765
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    Citations

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    Cited by:

    1. Kaitila, Ville, 2003. "An Assessment of RussiaŽs Growth Prospects in 2003 - 2010," Discussion Papers 869, The Research Institute of the Finnish Economy.
    2. Oomes, Nienke & Ohnsorge, Franziska, 2005. "Money demand and inflation in dollarized economies: The case of Russia," Journal of Comparative Economics, Elsevier, vol. 33(3), pages 462-483, September.
    3. Desai, Mihir A. & Dyck, Alexander & Zingales, Luigi, 2007. "Theft and taxes," Journal of Financial Economics, Elsevier, vol. 84(3), pages 591-623, June.
    4. Ulrich Thiessen, 2005. "Banking crises, regulation, and growth: the case of Russia," Applied Economics, Taylor & Francis Journals, vol. 37(19), pages 2191-2203.
    5. International Monetary Fund, 2003. "The Equilibrium Real Exchange Rate in a Commodity Exporting Country; The Case of Russia," IMF Working Papers 03/93, International Monetary Fund.
    6. Ulrich THIESSEN, "undated". "Financial System Development, Regulation and Economic Growth: Evidence from Russia," EcoMod2004 330600140, EcoMod.

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