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Zloty and Dollar Balances in Poland 1965-1993

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  • Chawluk, Antoni
  • Cross, Rod

Abstract

This paper advocates the use of what we term a CC (command control) method for explaining the behavior of economic systems in the transition from command to market economies. The specific implementation involves controlling Polish money balances for the effects of price deformation or shortage in the central planning period up to 1989, and asking whether the error-correction process for shortage-adjusted money balances is stable after the price liberalization and currency convertibility measures of January 1, 1990. We find no evidence of a structural break from 1990, suggesting that the CC method provides a basis for drawing at least tentative inferences about behavior under the new regime. Copyright 1994 by Blackwell Publishers Ltd and The Victoria University of Manchester

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Bibliographic Info

Article provided by University of Manchester in its journal The Manchester School of Economic & Social Studies.

Volume (Year): 62 (1994)
Issue (Month): 0 (Suppl.)
Pages: 41-66

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Handle: RePEc:bla:manch2:v:62:y:1994:i:0:p:41-66

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Cited by:
  1. Antoni Chawluk, 2000. "Estimates of Demand for Money and Consumption Functions for the Household Sector in Poland, 1967-1999," Economics Series Working Papers 42, University of Oxford, Department of Economics.
  2. Kim, Byung Yeon, 1997. " Soviet Household Saving Function," Economic Change and Restructuring, Springer, vol. 30(2-3), pages 181-203.
  3. Aarle, B. van & Budina, N., 1995. "Currency substitution in Eastern Europe," Discussion Paper 1995-2, Tilburg University, Center for Economic Research.

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