02084cas a2200241 a 4500 AALejournalIMF009268 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451963939 1934-7456 BD-DhAAL BD-DhAAL Hernandez-Cata, Ernesto. Russia and the IMF : The Political Economy of Macro-Stabilization / Ernesto Hernandez-Cata. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (23 pages) IMF Policy Discussion 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 reviews the experience with macroeconomic stabilization in Russia during the 2 1/2 years following the beginning of reforms in January 1992. It focuses on the different perceptions about the nature, the causes and the consequences of inflation in Russia and about the policies required to deal with it. It recounts the authorities's efforts to control inflation and discusses the major political obstacles to stabilization, including the pressures for subsidized credits, budgetary transfers and tax exemptions and interenterprise arrears. Finally, it examines the role of IMF-supported programs in the process. This is a Paper on Policy Analysis and Assessment and the author(s) would welcome any comments on the present text. Citations should refer to a Paper on Policy Analysis and Assessment of the International Monetary Fund, mentioning the author(s) and the date of issuance. The views expressed are those of the author(s) and do not necessarily represent those of the Fund. Mode of access: Internet IMF Policy Discussion Papers; Policy Discussion Paper ; No. 1994/020 Full text available on IMF http://elibrary.imf.org/view/journals/003/1994/020/003.1994.issue-020-en.xml IMF e-Library