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Payment Systems and Economic Development in Transitional Economies

Author

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  • Fry, M.J.

Abstract

In most countries, central banks are responsible for the country's national or wholesale payment systems as well as monetary policy and financial stability. In the transitional economies, central bankers have faced uncompetitive and uncooperative commercial banking systems. Despite or because o f this, central banks in the transitional economies are more heavily involved in their countries' payment systems than are central banks in the industrial countries. This paper has two basic objectives. The first is to examine the reasons why central banks are interested in payment systems. The second is an overview of the role of central banks in the payment system reform in transitional economies; Poland is used as the main example.

Suggested Citation

  • Fry, M.J., 1998. "Payment Systems and Economic Development in Transitional Economies," Papers 98-04, University of Birmingham - International Financial Group.
    • Handle: RePEc:fth:birmif:98-04
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    More about this item

    Keywords

    MONETARY POLICY ; ECONOMIC DEVELOPMENT ; CENTRAL BANKS;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • P34 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Finance
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

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