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Balance of Payments, Exchange Rates, and Competitiveness in Transition Economies

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  • © 1999

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Editors:
  1. Mario I. Blejer
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  2. Marko Škreb
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Table of contents (16 chapters)

  1. Front Matter

    Pages i-vii
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  2. Transition and the Open Economy: An Overview

    1. Transition and the Open Economy: An Overview

      • Mario I. Blejer, Marko Škreb
      Pages 1-16

  3. Exchange-Rate Policies and the Balance of Payments

    1. Front Matter

      Pages 17-17
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    2. Current-Account Sustainability in Transition Economies

      • Nouriel Roubini, Paul Wachtel
      Pages 19-93

    3. Exchange-Rate Arrangements in the Transition Economies

      • Robert A. Mundell
      Pages 95-130

    4. Toward Virtual Exchange-Rate Stability in Western and Eastern Europen with the Advent of EMU

      • Ronald I. McKinnon
      Pages 131-157

    5. A Model of Real Exchange-Rate Determination in Transition Economies

      • Clemens Grafe, Charles Wyplosz
      Pages 159-184

    6. Financing the Transition to a Market Economy: External Borrowing in the Baltics and CIS Region

      • John Odling-Smee, Basil Zavoico
      Pages 185-200

    7. Capital Flows and Stability of Financial Systems in Emerging Countries

      • André Icard
      Pages 201-212

  4. Transition and International Trade

    1. Front Matter

      Pages 213-213
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    2. Geographic Diversification of Trade in Transition Economies

      • Oleh Havrylyshyn, Hassan Al-Atrash
      Pages 215-238

    3. The Fiscal Implications of Trade Liberalization in Transition Countries

      • Vito Tanzi, Adrienne Cheasty, Kristina Kostial
      Pages 239-253

    4. What is Special about Endogenous International Trade Policy in Transition Economies?

      • Arye L. Hillman, Heinrich Ursprung
      Pages 255-282

  5. Selected Country Experiences

    1. Front Matter

      Pages 283-283
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    2. External Deficit, Exchange Rate, and Competitiveness in Croatia: Is There a Problem?

      • Boris Vujčić, Tomislav Presečan
      Pages 285-317

    3. Exchange-Rate Policy in the Czech Republic: The Perils of Sticking to Fixed Exchange Rates

      • Fabrizio Coricelli
      Pages 319-360

    4. Trade, Trade Policy, and Foreign-Exchange Regimes Under Transition: Russia and the Dutch Disease

      • Gur Ofer, Vladimir Drebentsov
      Pages 361-401

    5. Balance of Payments, Exchange Rates, and Competitiveness: Lessons for Transition Economies from the Israeli Experience

      • Jacob A. Frenkel
      Pages 403-418

    6. Balance of Payments, Exchange Rates, and Competitiveness in Hungary

      • László Halpern, Judit Neményi
      Pages 419-447

    7. Current-Account Surplus and Falling Competitiveness in Slovenia

      • Velimir Bole
      Pages 449-470
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Keywords

About this book

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.

Bibliographic Information

  • Book Title: Balance of Payments, Exchange Rates, and Competitiveness in Transition Economies

  • Editors: Mario I. Blejer, Marko Škreb

  • DOI: https://doi.org/10.1007/b102495

  • Publisher: Springer New York, NY

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media New York 1999

  • Hardcover ISBN: 978-0-7923-8422-9Published: 31 December 1999

  • Softcover ISBN: 978-1-4757-7199-2Published: 08 March 2013

  • eBook ISBN: 978-0-585-31346-7Published: 23 August 2007

  • Edition Number: 1

  • Number of Pages: VIII, 488

  • Topics: Economics, general, International Economics, Economic Growth, Political Economy/Economic Systems

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