Azerbaijan: Recent Economic Developments

International Monetary Fund

No 1995/119, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in Azerbaijan during the 1990s. In 1992, approximately 70–80 percent of producer and consumer prices were liberalized, and enterprises were allowed greater latitude in their price and wage setting. However, price controls were applied on energy and bread prices, price markups remained controlled, and the price liberalization process was constrained by state procurement of major production items. Although the coverage of the state order system was gradually reduced, it still accounted for most of the production of “strategic goods” at end-1994.

Keywords: ISCR; CR; exchange rate; broad money; terms of trade; central bank; savings bank; Oil; Currencies; Agricultural commodities; Monetary base (search for similar items in EconPapers)
Pages: 102
Date: 1995-12-19
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