Christensen, Benedicte Vibe creator text WashingtonUS IMF 1994 monographic vii,45p. Focuses on Russia's external developments up to mid-1993. Describes the initial macroeconomic imbalances and the three systemic shocks that set the stage for the critical balance of payments difficulties Russia faced in the early 1990s, the interrelationship between domestic and external developments in the early phases of Russia's reform, and the external debt situation. Points to external adjustments issues that Russia will face. 3/7/00 M2LMGR 01.04.05 C554