Currency Convertibility and the Transformation of Centrally Planned Economies
March 15, 1991
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This paper examines the problems in establishing currency convertibility- and the optimal timing- in formerly planned economies making the transition to market-oriented systems.
Subject: Balance of payments, Capital account convertibility, Capital flows, Current account, Exchange rates, Foreign exchange
Keywords: Capital account convertibility, capital account flow, Capital flows, convertibility, Current account, current account convertibility, current account restriction, current account transaction, East Asia, Eastern Europe, economy, Europe, exchange rate, Exchange rates, foreign exchange holding, foreign-currency-denominated assets, OP, Western Europe
Pages:
30
Volume:
1991
DOI:
Issue:
004
Series:
Occasional Paper No. 1991/004
Stock No:
S081EA0000000
ISBN:
9781557752147
ISSN:
0251-6365
