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The IMF and the countries of the Council for Mutual Economic Assistance

Author

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  • Schröder, Klaus

Abstract

In November 1981 Hungary and, one week later, Poland applied for membership of the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (World Bank). These applications have highlighted a subject which had been neglected for quite some time. This analysis deals with the problems and consequences which arise from the membership of countries of the Council for Mutual Economic Assistance (Comecon)—the economies of which largely conform to principles of central economic planning—in IMF, an institution organized according to market principles.

Suggested Citation

  • Schröder, Klaus, 1982. "The IMF and the countries of the Council for Mutual Economic Assistance," Intereconomics – Review of European Economic Policy (1966 - 1988), ZBW - Leibniz Information Centre for Economics, vol. 17(2), pages 87-90.
    • Handle: RePEc:zbw:inteco:139795
    DOI: 10.1007/BF02924831
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    Keywords

    Comecon;

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