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....
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1994
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Schriftenreihe: | IMF Working Papers
Working Paper No. 94/24 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
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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spelling | Rostowski, Jacek Verfasser aut Systemic Requirements for Monetary Stability in Eastern Europe and the Former Soviet Union Rostowski, Jacek Washington, D.C International Monetary Fund 1994 1 Online-Ressource (24 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 94/24 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 Online-Ausg http://elibrary.imf.org/view/IMF001/06666-9781451920987/06666-9781451920987/06666-9781451920987.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Rostowski, Jacek Systemic Requirements for Monetary Stability in Eastern Europe and the Former Soviet Union |
title | Systemic Requirements for Monetary Stability in Eastern Europe and the Former Soviet Union |
title_auth | Systemic Requirements for Monetary Stability in Eastern Europe and the Former Soviet Union |
title_exact_search | Systemic Requirements for Monetary Stability in Eastern Europe and the Former Soviet Union |
title_exact_search_txtP | Systemic Requirements for Monetary Stability in Eastern Europe and the Former Soviet Union |
title_full | Systemic Requirements for Monetary Stability in Eastern Europe and the Former Soviet Union Rostowski, Jacek |
title_fullStr | Systemic Requirements for Monetary Stability in Eastern Europe and the Former Soviet Union Rostowski, Jacek |
title_full_unstemmed | Systemic Requirements for Monetary Stability in Eastern Europe and the Former Soviet Union Rostowski, Jacek |
title_short | Systemic Requirements for Monetary Stability in Eastern Europe and the Former Soviet Union |
title_sort | systemic requirements for monetary stability in eastern europe and the former soviet union |
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