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Transition Economies

In: Central Banking in Developing Countries

Author

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  • Anand Chandavarkar

Abstract

The epigraph pinpoints the core of the unique challenges that face central banks in the formerly centrally planned economies (Russia, China, former Soviet Union and Eastern European countries, and Viet Nam) in their transition to market-orientated economies, a complex process that involves not merely the issue of new curren-cies and the creation of independent central banks but also compre-hensive financial reforms and a radical reconstruction of the basic financial infrastructure. Most importantly, it involves a reformula-

Suggested Citation

  • Anand Chandavarkar, 1996. "Transition Economies," Palgrave Macmillan Books, in: Central Banking in Developing Countries, chapter 10, pages 158-173, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37150-7_10
    DOI: 10.1057/9780230371507_10
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