Czech Republic: Recent Economic Developments

January 23, 1997

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Czech Republic: Recent Economic Developments, (USA: International Monetary Fund, 1997) accessed November 27, 2024

Summary

This paper describes economic developments in the Czech Republic during 1990–95. In 1991–93, quick progress was made in containing inflation, rebuilding foreign reserves, and restoring confidence in economic policies; and this was followed by resumption of growth in 1994. Financial and political stability and continued progress toward a market economy attracted large capital inflows in 1993–95. In spite of attempts to sterilize these inflows, monetary growth was rapid and fueled a boom in domestic demand, which in turn widened the current account deficit and maintained inflation at relatively high levels.

Subject: Balance of payments, Banking, Budget planning and preparation, Capital inflows, Exchange rates, Expenditure, Foreign exchange, Monetary base, Money, Public financial management (PFM)

Keywords: Broad money, Budget planning and preparation, Capital inflows, Central and Eastern Europe, CR, Enterprise, Exchange rate, Interest rate, ISCR, Monetary base, Monetary policy, Trading partner, U.S. dollar

Publication Details

Pages:

202
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1996/147
Stock No:

1CZEEA0011996
ISBN:

9781451810004
ISSN:

1934-7685

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