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| Tekijä: | Balino, T. Dhawan, J. Sundararajan, V. |
| Otsikko: | Payments system reforms and monetary policy in emerging market economies in Central and Eastern Europe |
| Lehti: | Staff Papers
1994 : SEP, VOL. 41:3, p. 383-410 |
| Asiasana: | MONETARY POLICY PAYMENT SYSTEMS EUROPE |
| Kieli: | eng |
| Tiivistelmä: | The paper discusses the interrelationships between payments system reform and monetary policy implementation in selected countries in Central and Eastern Europe. The reforms in the payments systems are viewed as closely interrelated with the development of money and foreign exchange markets and the instruments of monetary policy used by the central banks. Large and variable float balances created special challenges. The paper shows that while starting from very similar origins, there were significant variations in experiences of the countries studied in transforming their paymrnts systems after the start of the reforms toward a market economy. |
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