Occasional Papers

Currency Convertibility and the Transformation of Centrally Planned Economies

Author/Editor:

Joshua E. Greene ; Peter Isard

Publication Date:

March 15, 1991

Summary:

This paper examines the problems in establishing currency convertibility- and the optimal timing- in formerly planned economies making the transition to market-oriented systems.

Series:

Occasional Paper No. 1991/004

Subject:

Balance of payments Capital account convertibility Capital flows Current account Exchange rates Foreign exchange