Currency Convertibility in Eastern Europe - Softcover

Softcover

ISBN 10: 0881321281 ISBN 13: 9780881321289

Publisher: Peterson Institute for International Economics, 1991

Synopsis

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.

About this title

About the Author

John Williamson, senior fellow (retired), was associated with the Institute from 1981 to 2012. He was project director for the UN High-Level Panel on Financing for Development (the Zedillo Report) in 2001; on leave as chief economist for South Asia at the World Bank during 1996–99; economics professor at Pontifica Universidade Católica do Rio de Janeiro (1978–81), University of Warwick (1970–77), Massachusetts Institute of Technology (1967, 1980), University of York

Edition details

• Publisher: Peterson Institute for International Economics
• Publication date: 1991
• Language: English
• ISBN 10: 0881321281
• ISBN 13: 9780881321289
• Binding: Paperback
• Edition number: 1
• Number of pages: 480
• Editor: Williamson John