Systemic Requirements for Monetary Stability in Eastern Europe and the Former Soviet Union:

The primary function of banks during economic transformation is seen to be provision of an efficient payments mechanism. The lack of banking skills, particularly in credit allocation, is seen as the major problem in stable monetary systems. This is a problem which can be expected to last many years....

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1. Verfasser: Rostowski, Jacek (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C International Monetary Fund 1994
Schriftenreihe:IMF Working Papers Working Paper No. 94/24
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Zusammenfassung:The primary function of banks during economic transformation is seen to be provision of an efficient payments mechanism. The lack of banking skills, particularly in credit allocation, is seen as the major problem in stable monetary systems. This is a problem which can be expected to last many years. The solution is to limit banks to very safe assets (initially central bank liabilities). Combining such safe banks with a monetary rule would provide stable monetary systems during transition
Beschreibung:1 Online-Ressource (24 p)
ISBN:1451920989
9781451920987

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