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Balance of Payments, Exchange Rates, and Competitiveness in Transition Economies (Paperback, Softcover reprint of the original 1st ed. 1999)
Loot Price: R4,288
Discovery Miles 42 880
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Balance of Payments, Exchange Rates, and Competitiveness in Transition Economies (Paperback, Softcover reprint of the original 1st ed. 1999)
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Donate to Against Period Poverty
Total price: R4,308
Discovery Miles: 43 080
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Integrating transition economies into the global commercial and
trade market system is a prolonged and risky process. This book is
a collection of studies dealing with the different issues related
to the liberalization of external relations in economies moving
from a socialist to a market-based system The focus is on external
sector developments, and the topics deal with balance of payments
conditions, exchange rate policies and regimes, international
competitiveness, international capital flows, trade, and other
matters related to the integration of transition economies into the
world economy. An understanding of the principles involved and of
the experiences of both transition and advanced economies during
this process is crucial to ensure its ultimate success. Written by
internationally recognized scholars, the chapters cover these
issues in a systematic manner. The first section treats current
account developments, capital flows, and exchange rate policies in
transition countries, the second section deals with specific issues
related to international trade, and the final section consists of
six specific country experiences. In this final section, a chapter
dealing with the Russian Federation discusses the collapse of the
ruble in August 1998.
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