Mongolia: Selected Issues

International Monetary Fund

No 1999/004, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper analyzes economic development in Mongolia during 1997–99. Economic performance in 1997 was impressive. Aided by strong political support for rapid reform and a generally favorable external environment, financial policies were tightened, and significant reductions in inflation were achieved. Broad-based structural reforms were also undertaken, including steps to restore confidence in the banking system. However, conditions changed abruptly in 1998 as deterioration in the external environment and domestic political problems combined to erode the momentum for reform.

Keywords: ISCR; CR; central bank; foreign currency; broad money; exchange rate; banking system; capital adequacy ratio; gross domestic product; savings bank; balance of payments; Commercial banks; Loans; Nonperforming loans; Asia and Pacific (search for similar items in EconPapers)
Pages: 86
Date: 1999-02-18
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