Currency Convertibility and the Transformation of Centrally Planned Economies

Joshua Greene and Peter Isard

No 1991/004, IMF Occasional Papers from International Monetary Fund

Abstract: This paper examines the problems in establishing currency convertibility- and the optimal timing- in formerly planned economies making the transition to market-oriented systems.

Keywords: OP; convertibility; current account convertibility; economy; exchange rate; current account restriction; foreign exchange holding; current account transaction; capital account flow; Current account; Capital account convertibility; Exchange rates; Capital flows; Western Europe; Eastern Europe; East Asia; Europe; foreign-currency-denominated assets (search for similar items in EconPapers)
Pages: 30
Date: 1991-03-15
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Citations: View citations in EconPapers (12)

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