01571cas a2200241 a 4500 AALejournalIMF000573 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451845662 1018-5941 BD-DhAAL BD-DhAAL Horvath, Balazs. Achieving Stabilization in Armenia / Balazs Horvath. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (32 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 This paper examines the evolution, and impact on stabilization, of macroeconomic policies in Armenia during 1994-96. Fiscal and monetary policies have been effective in stabilizing the Armenian economy and facilitating significant growth, although they have not always worked in cohort. Seigniorage and the inflation tax declined dramatically as inflation fell, while dollarization was reversed but reached a plateau after mid-1995, affecting the demand for dram. The paper also presents quantitative indicators, which are suggestive of the trends discussed. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1998/038 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/038/001.1998.issue-038-en.xml IMF e-Library