Central bank reform in the transition economies / editors V. Sundararajan, Arne B. Petersen, and Gabriel Sensenbrenner.

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Material type: Text

text

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computer

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online resource

ISBN:

9781455288038
1455288039

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Additional physical formats: Print version:: Central bank reform in the transition economies.DDC classification:

332.1/1/0947 22

LOC classification:

HG3126 .C46 1997eb

Other classification:

83.50

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Subject: Since 1992, the central banks of the Baltic states and the Commonwealth of Independent States (CIS) have undertaken to various degrees comprehensive reform of their monetary and exchange arrangements in support of their stabilization efforts. The objective has been to achieve market-based determination of interest rates and exchange rates, control of banking system liquidity through indirect instruments, and, pari passu, to enhance the use of markets for transmitting monetary policy signals.Subject: This volume provides a review of the first four years of structural reforms in the monetary and exchange areas and identifies priorities for the deepending of reforms. The exercise is designed to highlight linkages among the reform components, the coordination of these components to support market-based arrangements for monetary control, and the main obstacles on the road ahead.

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"Background papers for the Joint Coordinating Meeting of the Baltic, CIS, and Cooperating Central Banks and International Organizations, Basle, May 1996."

Since 1992, the central banks of the Baltic states and the Commonwealth of Independent States (CIS) have undertaken to various degrees comprehensive reform of their monetary and exchange arrangements in support of their stabilization efforts. The objective has been to achieve market-based determination of interest rates and exchange rates, control of banking system liquidity through indirect instruments, and, pari passu, to enhance the use of markets for transmitting monetary policy signals.

This volume provides a review of the first four years of structural reforms in the monetary and exchange areas and identifies priorities for the deepending of reforms. The exercise is designed to highlight linkages among the reform components, the coordination of these components to support market-based arrangements for monetary control, and the main obstacles on the road ahead.

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