Transition Economies

Anand Chandavarkar

Chapter 10 in Central Banking in Developing Countries, 1996, pp 158-173 from Palgrave Macmillan

Abstract: Abstract The epigraph pinpoints the core of the unique challenges that face central banks in the formerly centrally planned economies (Russia, China, former Soviet Union and Eastern European countries, and Viet Nam) in their transition to market-orientated economies, a complex process that involves not merely the issue of new curren-cies and the creation of independent central banks but also compre-hensive financial reforms and a radical reconstruction of the basic financial infrastructure. Most importantly, it involves a reformula-

Keywords: Interest Rate; Monetary Policy; Central Bank; Fiscal Policy; Commercial Bank (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37150-7_10

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DOI: 10.1057/9780230371507_10

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