Financial Sector Reforms and Exchange Arrangements in Eastern Europe
AbstractThe two papers draw from the brief yet radical reform experiences of five countries-Bulgaria, former Czechoslovakia, Hungary, Poland, and Romania. The first paper describes the financial sector reforms untertaken by these countries since the 1980s, as well as the problems encountered. It also discusses the roles privatization, stabilization policies, and prudential supervision can play in the financial sector development of these countries. The second paper analyzes the different exchange arrangements as they apply to previously centrally planned economies; examines the general arguments for convertability in these countries; and considers the desirable degree of exchange rate flexibility.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Occasional Papers with number 102.
Date of creation: 15 Feb 1993
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- Christos Papazoglou, 1999. "Exchange Rate Policy and Output Growth: The Experience of the Transition Economies of Central and Eastern Europe," Post-Communist Economies, Taylor and Francis Journals, vol. 11(3), pages 319-336.
- 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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