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Achieving Stabilization in Armenia [electronic resource] Horváth, Balázs.

Author/Creator:
Horváth, Balázs.
Publication:
Washington, D.C. : International Monetary Fund, 1998.
Format/Description:
Government document
Book
1 online resource (32 p.)
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 98/38.
IMF Working Papers; Working Paper No. 98/38
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Local subjects:
Aggregate demand. (search)
Annual inflation. (search)
Approximate price stability. (search)
Central bank. (search)
Contractionary monetary policy. (search)
Foreign currency. (search)
Foreign exchange. (search)
High inflation. (search)
Inflation. (search)
Inflation process. (search)
Inflation tax. (search)
Inflationary consequences. (search)
Inflationary expectations. (search)
Inflationary impact. (search)
Inflationary pressures. (search)
Liquidity management. (search)
Low inflation. (search)
Lower inflation. (search)
Macroeconomic stability. (search)
Monetary aggregates. (search)
Monetary authority. (search)
Monetary fund. (search)
Monetary indicators. (search)
Monetary policies. (search)
Monetary policy. (search)
Monetary policy instruments. (search)
Monetary stability. (search)
Monetary stance. (search)
Money growth. (search)
National bank. (search)
Price level. (search)
Price stability. (search)
Real interest rates. (search)
Real value. (search)
Relative price. (search)
Relative prices. (search)
Reserve requirement. (search)
Reserve requirements. (search)
Terms of trade. (search)
Terms of trade shock. (search)
Armenia. (search)
Summary:
This paper examines the evolution, and impact on stabilization, of macroeconomic policies in Armenia during 1994-96. Fiscal and monetary policies have been effective in stabilizing the Armenian economy and facilitating significant growth, although they have not always worked in cohort. Seigniorage and the inflation tax declined dramatically as inflation fell, while dollarization was reversed but reached a plateau after mid-1995, affecting the demand for dram. The paper also presents quantitative indicators, which are suggestive of the trends discussed.
Notes:
Description based on print version record.
Contributor:
Horváth, Balázs.
Other format:
Print Version:
ISBN:
1451845669:
9781451845662
ISSN:
1018-5941
Publisher Number:
10.5089/9781451845662.001
Access Restriction:
Restricted for use by site license.