A Turning Point for Monetary and Financial Policy in Ukraine?

While the National Bank of Ukraine's governor in 1994 called for stabilization through a dramatic cut in the rate of emissions, the government continued its course of significant fiscal deficits that could only be financed by those emissions. The macroeconomic crisis confronting policymakers is...

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Veröffentlicht in:Comparative economic studies 1994-09, Vol.36 (3), p.123-126
1. Verfasser: Patterson, Perry L
Format: Artikel
Sprache:eng
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Zusammenfassung:While the National Bank of Ukraine's governor in 1994 called for stabilization through a dramatic cut in the rate of emissions, the government continued its course of significant fiscal deficits that could only be financed by those emissions. The macroeconomic crisis confronting policymakers is discussed.
ISSN:0888-7233
1478-3320
DOI:10.1057/ces.1994.41