Currency Convertibility in Eastern Europe |  | Creator: John Williamson
Publisher: Institute for International Economics,U.S.
Category: Book
List Price: $25.00
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Sales Rank: 7,697,786
Media: Paperback
Pages: 480
Shipping Weight (lbs): 1.4
Dimensions (in): 8.8 x 6 x 0.9
ISBN: 0881321281
Dewey Decimal Number: 332.4560947
EAN: 9780881321289
ASIN: 0881321281
Publication Date: June 1, 1991
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Product Description
Establishment of convertible currencies is one of the chief goals of economic reform in Eastern Europe and the Soviet Union. However, convertibility relates closely to the entirety of a country's reform strategy and there are a number of possible paths to its achievement. This study analyzes the issue in the Eastern European context, reviews the history of efforts elsewhere to achieve convertibility and recommends preferred courses of action. In particular, it considers the relative merits of "shock" programmes, including immediate national declarations of convertibility and the more gradual approach adopted by the Western European nations (via regional institutions), and Japan after World War II.
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