The paper analyses the macroeconomic stabilization process in Russia, the Ukraine and Kasakhstan (CIS-3). It starts with a classification of different stabilization approaches that were adopted in the last 20 years. It shows that the Fund programs that were suggested for the CIS-3 for 1995 can...

By introducing a new national currency in November 1993, the Republic of Kazakstan took a decisive step towards establishing its political and economic independence. In the following years, Kazakstan made great efforts to lay the institutional foundation for econonmic policy in line with a free...