The Payments Systems Reforms and Monetary Policy in Emerging Market Economies in Central and Eastern Europe

Author/Editor:

International Monetary Fund

Publication Date:

January 1, 1994

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

The paper discusses the interrelationships between payments system reform and monetary policy implementation in selected countries in Central and Eastern Europe. The reforms in the payments system are viewed as closely interrelated with the development of money and foreign exchange markets and the instruments of monetary policy used by the central banks. Large and variable float balances created special challenges. The paper shows that while departing from very similar origins, there were significant variations in experiences of the countries studied in transforming their payments systems after the start of the reforms towards a market economy, from which certain lessons can be drawn.

Series:

Working Paper No. 94/13

Subject(s):

Notes:

Also published in Staff Papers, Vol. 41, No. 3, September 1994.

English

Publication Date:

January 1, 1994

ISBN/ISSN:

9781451842944/1018-5941

Stock No:

WPIEA0131994

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

40

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