From Monetary Integration via Monetary Independence to a New Integration? (The Case Of Slovenia)

Ivan Ribnikar
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Ivan Ribnikar: University of Ljubljana

Chapter 5 in Small Countries in a Global Economy, 2001, pp 155-179 from Palgrave Macmillan

Abstract: Abstract Whether a transition economy such as that of Slovenia, which a few years ago left a kind of monetary integration, should prepare itself for joining the European single currency area — another monetary integration — is for the moment, as will be seen, not the right question. In the first place, the country must put its house in order, not only because it was previously a (market-planned) variety of a non-market economy, but also because it decided, under the influence of foreign experts, to abolish social ownership of business enterprises in the wrong way (Ribnikar, 1991). Since it will take quite some time before its house is brought into order, the question of formally or de iure entering the single currency area will not arise in the imminent future.

Keywords: Exchange Rate; Monetary Policy; Central Bank; Balance Sheet; Business Enterprise (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51319-8_6

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DOI: 10.1057/9780230513198_6

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