Economic Policy in Eastern Europe: Were Currency Boards a Solution?

Synopsis

In 1989 the post-Communist countries of Eastern Europe opened their economies by establishing more open exchange rate policies and exchange controls and eliminating prohibitive tariffs and quotas. Now trying to join the integrated world economy, they are facing the challenge of finding strategic alliances and attracting foreign capital. This book analyzes economic policy in Eastern Europe with a focus on the financial arrangement of currency boards. It examines the main challenges facing East European countries, their economic policy strategies, the main challenges to the economies that adopted currency boards, and whether currency boards were a solution.

Additional information

Contributors:
Includes content by:
  • Iliana Zloch-christy
  • Richard N. Cooper
  • Iikka Korhonen
  • Pekka Sutela
  • Niina Pautola
Publisher: Place of publication:
  • Westport, CT
Publication year:
  • 2000