Mongolia Recent Economic Developments

This paper describes economic developments in Mongolia during the 1990s. Real GDP grew by a robust 6 percent in 1995, but this success proved to be short lived. The sharp improvement in the terms of trade in 1995 boosted incomes and eased the financial constraints of the budget, enterprises, and ban...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1997
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Mongolia  |b Recent Economic Developments 
260 |a Washington, D.C.  |b International Monetary Fund  |c 1997 
300 |a 81 pages 
651 4 |a Mongolia 
653 |a Economic & financial crises & disasters 
653 |a Depository Institutions 
653 |a Revenue administration 
653 |a Credit 
653 |a Commercial banks 
653 |a Total expenditures 
653 |a Banks 
653 |a Finance 
653 |a Public finance & taxation 
653 |a Industries: Financial Services 
653 |a Banks and banking 
653 |a Monetary economics 
653 |a Bank resolution 
653 |a Financial institutions 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Micro Finance Institutions 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Crisis management 
653 |a Mortgages 
653 |a Money 
653 |a National Government Expenditures and Related Policies: General 
653 |a Expenditure 
653 |a Loans 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a Banks and Banking 
653 |a Expenditures, Public 
653 |a Banking 
653 |a Bank deposits 
653 |a Public Finance 
653 |a Money and Monetary Policy 
653 |a Revenue 
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520 |a This paper describes economic developments in Mongolia during the 1990s. Real GDP grew by a robust 6 percent in 1995, but this success proved to be short lived. The sharp improvement in the terms of trade in 1995 boosted incomes and eased the financial constraints of the budget, enterprises, and banks. This enabled the government to delay price adjustments for electricity, heating, fuels, and key foods. Although measured inflation was cut from the 50–60 percent range in 1995 to less than 30 percent in mid-1996, the underlying inflation pressures remained