01960cas a2200253 a 4500 AALejournalIMF014314 230101c9999 xx r poo 0 0eng d 20.00 USD 9781484305140 2616-5333 BD-DhAAL BD-DhAAL International Monetary Fund. Middle East and Central Asia Dept. The Caucasus and Central Asia : Transitioning to Emerging Markets. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (87 pages) Departmental 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 countries in the Caucasus and Central Asia (CCA) have recorded significant macroeconomic achievements since independence. These countries have grown more rapidly--on average by 7 percent over 1996-2011--than those in many other regions of the world and poverty has declined. Inflation has come down sharply from high rates in the 1990s and interest rates have fallen. Financial sectors have deepened somewhat, as evidenced by higher deposits and lending. Fiscal policies were broadly successful in building buffers prior to the global crisis and those buffers were used effectively by many CCA countries to support growth and protect the most vulnerable as the crisis washed across the region. CCA oil and gas exporters have achieved significant improvements in living standards with the use of their energy wealth. Mode of access: Internet Financial Institutions and Services imf Departmental Papers; Departmental Paper ; No. 2014/003 Full text available on IMF http://elibrary.imf.org/view/journals/087/2014/003/087.2014.issue-003-en.xml IMF e-Library