Searching for credible exchange rate regimes in the former Soviet Union

Rainer Schweickert

Open Access Publications from Kiel Institute for the World Economy from Kiel Institute for the World Economy (IfW Kiel)

Abstract: Two macroeconomic constraints determine the credibility of an exchange rate system: the availability of foreign exchange and the sustainability of fiscal balance. The following paper analyses the relative importance of these constraints for fixed and flexible exchange rate systems, examines the progress of reforms to relax these constraints in Estonia and Russia and draws conclusions for the choice of an exchange rate system for other countries of the former Soviet Union.

Date: 1995
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https://www.econstor.eu/bitstream/10419/1651/1/260619442.pdf (application/pdf)

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Journal Article: Searching for credible exchange rate regimes in the former Soviet Union (1995)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkie:1651

DOI: 10.1007/BF02927267

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