The IMF and Russia in the 1990's

This 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.
Publication date: August 2004
ISBN: 9781451857344
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Economics- Macroeconomics , Economics- Macroeconomics , Economic transition , macroeconomic policy , Russia , inflation , monetary policy , monetary fund , fiscal policies , Macroeconomic Aspects of Public Finance , and General Outlook: General , Socialist Systems and Transitional Economies: General , Socialist Institutions and T

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