Searching for credible exchange rate regimes in the former Soviet Union

Two macroeconomic constraints determine the credibility of an exchange rate system: the availability of foreign exchange and the sustainability of fiscal balance. The following paper analyses the relative importance of these constraints for fixed and flexible exchange rate systems, examines the progress of reforms to relax these constraints in Estonia and Russia and draws conclusions for the choice of an exchange rate system for other countries of the former Soviet Union.

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Year of publication:	1995
Authors:	Schweickert, Rainer
Published in:	Intereconomics. - Baden-Baden : Nomos Verlagsgesellschaft, ISSN 0020-5346. - Vol. 30.1995, 3, p. 126-132
Publisher:	Baden-Baden : Nomos Verlagsgesellschaft
Subject:	Wechselkurspolitik \| Glaubwürdigkeit \| Finanzpolitik

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.1007/BF02927267 [DOI] 870665634 [GVK] hdl:10419/1651 [Handle] RePEc:zbw:ifwkie:1651 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10010313588