The Role of International Financial Institutions in Stabilizing the Russian Economy

Milan Nikolić

Chapter 5 in Monetary Policy in Transition, 2006, pp 97-121 from Palgrave Macmillan

Abstract: Abstract Between the end of Czarist Russia in 1917 and the early 1950s about a third of the world’s population experienced a transition from a market economy to central planning. In the late 1980s, in the run-up to the collapse of the Soviet empire, the reverse process was set in motion in most of the former socialist countries: transition from a planned to a market economy Their long history of central planning and lack of experience of free-market economics made assistance by international financial institution essential to the transition economies. It was expected that this assistance would be both financial and consultative.

Keywords: Monetary Policy; International Monetary Fund; Transition Economy; Budget Deficit; Gross National Product (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-51233-7_5

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DOI: 10.1057/9780230512337_5

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