TY - BOOK AU - Knight,Malcolm D. AU - Petersen,Arne B. AU - Price,Robert T. ED - International Monetary Fund, TI - Transforming financial systems in the Baltics, Russia, and other countries of the former Soviet Union SN - 9781455239610 AV - HG186.F6 T7 1999eb U1 - 332.1/0947 22 PY - 1999///] CY - [Washington, D.C.] PB - International Monetary Fund KW - Finance KW - Former Soviet republics KW - Banks and banking, Central KW - Finances KW - Ex-URSS KW - Banques centrales KW - BUSINESS & ECONOMICS KW - Banks & Banking KW - bisacsh KW - fast KW - Financiële instellingen KW - gtt KW - Economische hervormingen KW - Marché financier KW - Russie KW - ram KW - Inflation KW - 1990- KW - Monnaie KW - Soviet Union KW - Electronic books N1 - Includes bibliographical references; Overview / Malcolm Knight, Arne B. Petersen, and Robert T. Price -- Monetary operations and government securities markets / Eduardo Levy-Yeyati -- Foreign exchange markets and official international reserve management / Bernard Laurens -- Banking sector reform / Claudia Dziobek and Jan Willem van der Vossen -- Payment systems development / Nicholas M. Roberts -- Central bank accounting and internal audit / John Dalton -- Legislative framework / Tonny Lybek N2 - For the past six years, the central banks of the Baltics, Russia, and other countries in the former Soviet Union have undertaken ambitious programs of reform. The reforms have focused first on stabilizing monetary policy and then on achieving a market-based determination of interest and exchange rates. The reform on central bank operating procedures has been a key piece of the program. Central Banks in the 15 countries have been encouraged to manage banking liquidity through market operations with indirect instruments. There have also been closely coordinated reforms to foster foreign exchange markets, interbank money markets, government securities market, and to strengthen various central bank functions, including the payment system, central bank accounting and internal audit, and banking supervision and restructuring. This volume examines the progress the 15 countries have made in transforming their financial systems, and highlights the substantial progress achieved by central banks in most of the countries UR - https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=449487 ER -