01724cas a2200241 a 4500 AALejournalIMF000382 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451849301 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. External Borrowing by the Baltics, Russia and Other Countries of the Former Soviet Union : Developments and Policy Issues. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (43 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Many countries among the Baltics, Russia and other CIS states are increasingly borrowing on international capital markets, a development that generally reflects their success in achieving financial stabilization. In view of the low level of domestic saving and large capital requirements, recourse to foreign borrowing may of course generate significant benefits for these economies in transition. However, the rapid increase in external debt suggests that consideration also needs to be given to the risks from too high a dependence on foreign saving, including inter alia risk of the postponement of needed structural reforms. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1997/072 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/072/001.1997.issue-072-en.xml IMF e-Library