Hidden Bibliographic Details
| Other authors / contributors: | Pastor, Gonzalo C. (Gonzalo Carlos), 1957-
International Monetary Fund. European II Department.
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| ISBN: | 1451898142
9781451898149
128160285X
9781281602855
1462395341
9781462395347
1452778493
9781452778495
9786613783547
6613783544
9781451852516
1451852517
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| Notes: | Includes bibliographical references (pages 26-28).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This paper summarizes the IMF advice on the ruble area as it was presented to the national authorities in Russia, the Baltic countries, and other states of the former Soviet Union in 1991-93. In the course of doing so, the paper corrects some misperceptions that have arisen about the IMF's role. The evidence presented in the paper suggests that (i) the balance of arguments on the ruble area (and national currencies) changed over time, and hence so did the IMF's advice, and (ii) from the beginning, the IMF staff concentrated on pointing out the pros and cons of alternative monetary arrangements, without strongly advocating a particular one, emphasizing that it was the authorities' decision to stay in or leave the ruble area. Fund advice on how to introduce national currencies was made readily available to the various national authorities as early as January 1992.
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| Other form: | Print version: Odling-Smee, J.C. (John C.). IMF and the ruble area, 1991-93. [Washington, D.C.] : International Monetary Fund, European II Dept., ©2001
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