Central Bank Reforms in the Baltics, Russia, and the Other Countries of the Former Soviet Union

Malcolm Knight

No 1998/002, IMF Occasional Papers from International Monetary Fund

Abstract: Since 1991, the 15 countries under review - have to varying degrees, been pursuing reforms whose broad objectives have been to achieve market-based determination of interest rates and exchange rates, manage banking system liquidity through market operations with indirect instruments, and provide the institutional underpinnings for the design and implementation of macroeconomic stabilization and structural reform programs supported by the IMF. This study reviews the experience under these programs and the economic developments in the countries that undertook them.

Keywords: OP; central bank; country; accounting reform; bank; internal audit reform issue; reform issue; country ranking; bank governance; restructuring policy; Commercial banks; Treasury bills and bonds; Credit; Currencies; Baltics; Payment systems; Currency markets; Bank supervision; Bank resolution (search for similar items in EconPapers)
Pages: 67
Date: 1998-02-05
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