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Banques centrales en transition : vue d'ensemble des principaux problèmes après dix ans

Author

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  • Warren Coats
  • Marko Skreb

Abstract

[fre] Cet article analyse les transformations que les Banques centrales des PECO ont enregistrées au cours de la transition. Elles ont été transformées pour passer d’un système socialiste monobancaire à un système de Banques centrales modernes et indépendantes. La plupart ont la stabilité des prix pour principale mission, mais la politique monétaire a connu des changements décisifs à mesure que les pays abandonnaient l’action directe de la politique monétaire au profit de l’action indirecte. L’environnement monétaire et financier a évolué, mais, dans certains pays, beaucoup reste à faire dans ces domaines. L’avenir des Banques centrales en transition est étroitement lié aux liens que ces pays entretiennent avec l’UE. Cependant, même lorsque les Banques centrales en transition céderont leurs fonctions monétaires à la BCE, elles auront encore un rôle important à jouer dans de nombreux domaines. . Classification JEL : E52, E58, P20, P34 [eng] Central Banking in Transition : an Overview of Main Issues Ten Years After . This paper analyses the significant changes CEECs’ Central Banks have undergone in the transition. They have been completely transformed from socialist monobanking system to modern, independent Central Banks with the same functions as any Central Bank in a developed economy. Almost all Central Banks have price stability as their main mandate. Monetary policy underwent crucial changes as countries switched from direct to indirect instruments of monetary policy. The monetary and financial environment has changed as well, but in some countries a lot remains to be done in those areas. The future of Central Banks in transition depends very much on the relations of countries with EU. But, even when transition central banks cede their monetary functions to the ECB, they will have an important role to play. . JEL classifications : E52, E58, P20, P34

Suggested Citation

  • Warren Coats & Marko Skreb, 2001. "Banques centrales en transition : vue d'ensemble des principaux problèmes après dix ans," Revue d'Économie Financière, Programme National Persée, vol. 6(1), pages 289-314.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2001_hos_6_1_3912
    DOI: 10.3406/ecofi.2001.3912
    Note: DOI:10.3406/ecofi.2001.3912
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    References listed on IDEAS

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    1. Blejer,Mario I. & Skreb,Marko (ed.), 1999. "Financial Sector Transformation," Cambridge Books, Cambridge University Press, number 9780521640374.
    2. Mr. Francis Fukuyama, 2000. "Social Capital and Civil Society," IMF Working Papers 2000/074, International Monetary Fund.
    3. Loungani, Prakash & Sheets, Nathan, 1997. "Central Bank Independence, Inflation, and Growth in Transition Economies," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 29(3), pages 381-399, August.
    4. Mr. Helmut Wagner, 1998. "Central Banking in Transition Countries," IMF Working Papers 1998/126, International Monetary Fund.
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    More about this item

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • P34 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Finance
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • P34 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Finance

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