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Currency Convertibility in Eastern Europ by John Williamson

Currency Convertibility in Eastern Europ

by John Williamson
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Book cover type: Misc
  • ISBN13: 9780881321289
  • Binding: Misc
  • Subject: N/A
  • Publisher: Columbia University Press
  • Publisher Imprint: Columbia University Press
  • Publication Date:
  • Pages: N/A
  • Original Price: USD 25.0
  • Language: English
  • Edition: N/A
  • Item Weight: 612 grams
  • BISAC Subject(s): Money & Monetary Policy

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.

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

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