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Searching for credible exchange rate regimes in the former Soviet Union

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  • Schweickert, Rainer

Abstract

Two macroeconomic constraints determine the credibility of an exchange rate system: the availability of foreign exchange and the sustainability of fiscal balance. The following paper analyses the relative importance of these constraints for fixed and flexible exchange rate systems, examines the progress of reforms to relax these constraints in Estonia and Russia and draws conclusions for the choice of an exchange rate system for other countries of the former Soviet Union.

Suggested Citation

  • Schweickert, Rainer, 1995. "Searching for credible exchange rate regimes in the former Soviet Union," Open Access Publications from Kiel Institute for the World Economy 1651, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkie:1651
    DOI: 10.1007/BF02927267
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    File URL: https://www.econstor.eu/bitstream/10419/1651/1/260619442.pdf
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    Cited by:

    1. Langhammer, Rolf J. & Schweickert, Rainer, 1995. "The Mexican reform process: improving long-run perspectives and mastering short-run turbulences," Kiel Discussion Papers 255, Kiel Institute for the World Economy (IfW Kiel).

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