Reflections on Enterprise-level Currency Conversion in Foreign Trade: The Case of Hungary

Ádám Török

Chapter 15 in The Challenge of Simultaneous Economic Relations with East and West, 1990, pp 197-199 from Palgrave Macmillan

Abstract: Abstract Currency conversion in foreign trade takes place in an economy that participates in more than one international trade and accounting system. One of these is world trade accounted in freely convertible currencies, while others include a zone of bilateral and multilateral clearing like CMEA or the bilateral clearing rouble accounting system between the Soviet Union and Finland. Currency conversion in Hungarian foreign trade as elsewhere in Eastern Europe, is a special case of which there is a very low degree of substitutability and a substantial difference of efficiency criteria between the two types of exports and imports.

Keywords: Foreign Trade; Trade Flow; Export Price; Enterprise Level; Currency Conversion (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11409-2_15

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DOI: 10.1007/978-1-349-11409-2_15

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