External Borrowing in the Baltics, Russia, and Other States of the Former Soviet Union : The Transition to a Market Economy /
The external debt of many countries of the Baltics, Russia, and the former Soviet Union has been growing rapidly in recent years and has played an important part in the transition process. However, it is vital to strike a balance between financing transition and ensuring that the external debt is no...
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
1998.
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| Colecção: | IMF Policy Discussion Papers; Policy Discussion Paper ;
No. 1998/005 |
| Acesso em linha: | Full text available on IMF |
| Resumo: | The external debt of many countries of the Baltics, Russia, and the former Soviet Union has been growing rapidly in recent years and has played an important part in the transition process. However, it is vital to strike a balance between financing transition and ensuring that the external debt is not used to finance wasteful expenditures or delay the transition process. This is especially important since the rising stock of external debt makes the borrowing countries increasingly vulnerable to changes in perceived creditworthiness. Accordingly, countries must adopt policies, including pressing ahead with structural reforms, to ensure that the borrowing is used to promote sound growth. |
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| Descrição do item: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Descrição Física: | 1 online resource (14 pages) |
| Formato: | Mode of access: Internet |
| ISSN: | 1934-7456 |
| Acesso: | Electronic access restricted to authorized BRAC University faculty, staff and students |