IDEAS home Printed from https://ideas.repec.org/h/pal/stuchp/978-3-031-12334-4_15.html
   My bibliography  Save this book chapter

How Quickly Should Convertibility Be Introduced? Comment

In: Collected Works of Domenico Mario Nuti, Volume I

Author

Listed:
  • Domenico Mario Nuti

    (University of Rome)

Abstract

The usual role of a discussant is to stir up controversy, but the two papers in this chapter appear to take positions that are so far apart that instead I shall try to be conciliatory. When and how fast should currency convertibility be introduced in the Eastern European economies? Friedrich Levcik’s answer is that it should be introduced fairly late in the process of transition to a market economy, which process should take place gradually over a period of three to five years; another five years will be needed before these countries become eligible for EC membership. According to Jacques Polak, convertibility should come early and fast, almost as fast as advocated by Czechoslovak Finance Minister Vaclav Klaus, who said in his oral presentation at the conference, “There is no convertibility problem—all there is to do is declare it.”

Suggested Citation

  • Domenico Mario Nuti, 2023. "How Quickly Should Convertibility Be Introduced? Comment," Studies in Economic Transition, in: Saul Estrin & Milica Uvalic (ed.), Collected Works of Domenico Mario Nuti, Volume I, chapter 15, pages 359-369, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-3-031-12334-4_15
    DOI: 10.1007/978-3-031-12334-4_15
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:stuchp:978-3-031-12334-4_15. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.