01797cas a2200241 a 4500 AALejournalIMF000444 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451853063 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Explaining and Forecasting the Velocity of Money in Transition Economies, with Special Reference to the Baltics, Russia and other Countries of the Former Soviet Union. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (46 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 The paper identifies a number of stylized facts on the behavior of key macroeconomic variables during high inflation and stabilization in countries in transition. To examine the extent to which these stylized facts conform to the predictions of standard open economy monetary theory, the paper develops a simple monetary model of the exchange rate incorporating price stickiness and inflation inertia, and carries out an econometric analysis of the behavior of real money balances during inflation stabilization. The paper concludes by assessing the prospects for velocity developments in countries in transition, including the likely pace of remonetization. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1997/108 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/108/001.1997.issue-108-en.xml IMF e-Library