Impact of External Market Fluctuations on Centrally Planned and Market Economies: A Systematic Comparative Approach

W. Trzeciakowski
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W. Trzeciakowski: Polish Academy of Sciences

Chapter 32 in Structural Change, Economic Interdependence and World Development, 1987, pp 465-477 from Palgrave Macmillan

Abstract: Abstract The growth of current and capital transactions between centrally planned economies (CPEs) and market economies (MEs) has increased the vulnerability of CPEs to external market fluctuations. Those market fluctuations were transmitted through the following main channels: 1. changes in the general level of world prices (inflation); 2. changes in exchange rates; 3. changes in particular prices leading to terms-of-trade changes; 4. changes in demand for exports and import supplies; 5. changes in interest rates and credit availability.

Keywords: Exchange Rate; Market Economy; Foreign Trade; Adjustment Process; Full Employment (search for similar items in EconPapers)
Date: 1987
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DOI: 10.1007/978-1-349-18840-6_32

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