Title Achieving stabilization in Armenia / prepared by Balázs Horváth, Nita Thacker, and Jiming Ha

Published [Washington, D.C.] : International Monetary Fund, European II and Fiscal Affairs Departments, 1998 ©1998

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Description 1 online resource (32 pages) Series IMF working paper ; WP/98/38 IMF working paper ; WP/98/38. Summary This paper describes the evolution of fiscal and monetary policy during 1994-96, the period during which the Armenian economy was stabilized. The objective is to provide an overview of the stabilization process in a transition economy2 and--recognizing the paucity of the available data--provide some quantitative evidence. The paper is organized as follows: this section provides general background, while section II contains a discussion of macroeconomic policies and the constraints faced by the government during the phase of stabilizing Armenia's economy. Section III presents quantitative results suggestive of the trends discussed in the policy section: impulse indicators for the two primary policy instruments, fiscal and monetary policy; an examination of changes in the level of seigniorage and inflation tax extracted from the economy; and an econometric analysis of dollarization. Section IV provides a brief summary. Finally, three appendices contain technical details underlying the quantitative analysis Notes "March 1998." Bibliography Includes bibliographical references (page 32) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL English Print version record digitized 2011 HathiTrust Digital Library committed to preserve pda MiAaHDL Subject Economic stabilization -- Armenia Fiscal policy -- Armenia Monetary policy -- Armenia Inflation (Finance) -- Effect of taxation on -- Armenia Currency substitution -- Armenia Currency substitution Economic stabilization Fiscal policy Inflation (Finance) -- Effect of taxation on Monetary policy Armenia Form Electronic book Author Thacker, Nita, author. Ha, Jiming, author. International Monetary Fund. European II Department, issuing body. International Monetary Fund. Fiscal Affairs Department, issuing body. ISBN 1281607754 9781281607751 145189306X 9781451893069 1462316751 9781462316755 145279670X 9781452796703 9786613788467 6613788465

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