haku: @author Lybek, T. / yhteensä: 1
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Tekijä: | Lybek, T. |
Otsikko: | Central bank autonomy, and inflation and output performance in the Baltic States, Russia, and Other countries of the former Soviet Union, 1995-1997 |
Lehti: | Russian and East European Finance and Trade
1999 : NOV-DEC, VOL. 35:6, p. 7-44 |
Asiasana: | CENTRAL BANKS INFLATION RUSSIA |
Kieli: | eng |
Tiivistelmä: | The Soviet Union dissolved in late 1991. But, for some time thereafter, the ruble remained legal tender in the Baltic states, Russia, and other countries (BRO) of the former Soviet Union. The ruble zone gradually collapsed and the newly independent countries began to take responsibility for their own monetary policy. The BRO countries could not, for obvious reasons, rely on a good track record, but had to establish autonomous and accountable central banks in their respective countries. |
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