Financial Sector Reforms and Exchange Arrangements in Eastern Europe

The two papers draw from the brief yet radical reform experiences of five countries-Bulgaria, former Czechoslovakia, Hungary, Poland, and Romania. The first paper describes the financial sector reforms untertaken by these countries since the 1980s, as well as the problems encountered. It also discus...

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Main Author: Calvo, Guillermo
Other Authors: Borensztein, Eduardo, Kumar, Manmohan S.
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1993, 1993
Series:Occasional Papers; Occasional Paper
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Summary:The two papers draw from the brief yet radical reform experiences of five countries-Bulgaria, former Czechoslovakia, Hungary, Poland, and Romania. The first paper describes the financial sector reforms untertaken by these countries since the 1980s, as well as the problems encountered. It also discusses the roles privatization, stabilization policies, and prudential supervision can play in the financial sector development of these countries. The second paper analyzes the different exchange arrangements as they apply to previously centrally planned economies; examines the general arguments for convertability in these countries; and considers the desirable degree of exchange rate flexibility
Physical Description:66 p.
ISBN:1557752796
9781557752796