Financial support of the World Bank in Armenia in publishing this issue is gratefully acknowledged
Vahram Avanesyan and Lev Freinkman
Costing-out the Big Bang: Impact of External Shocks on the Armenian Economy at the Outset of Transition
Garbis Iradian
Armenia: The Road to Sustained Rapid Growth
David A. Grigorian
Banking Sector in Armenia: What Would it Take to Turn a Basket Case into a Beauty Case?
Richard Beilock
Helping Armenia without Helping the Blockade
Arman Grigorian
Armenia's Geopolitical Environment: Threats and Opportunities



