Transforming financial systems in the Baltics, Russia, and other countries of the former Soviet Union /

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Bibliographic Details
Imprint:[Washington, D.C.] : International Monetary Fund, [1999]
Description:1 online resource (xi, 157 pages) : illustrations
Format: E-Resource Book
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Other authors / contributors:Knight, Malcolm D. (Malcolm Donald), 1944- editor.
Petersen, Arne B., editor.
Price, Robert T., editor.
International Monetary Fund, issuing body.
Notes:Includes bibliographical references.
Print version record.
Summary:For the past six years, the central banks of the Baltics, Russia, and other countries in the former Soviet Union have undertaken ambitious programs of reform. The reforms have focused first on stabilizing monetary policy and then on achieving a market-based determination of interest and exchange rates. The reform on central bank operating procedures has been a key piece of the program. Central Banks in the 15 countries have been encouraged to manage banking liquidity through market operations with indirect instruments. There have also been closely coordinated reforms to foster foreign exchange markets, interbank money markets, government securities market, and to strengthen various central bank functions, including the payment system, central bank accounting and internal audit, and banking supervision and restructuring. This volume examines the progress the 15 countries have made in transforming their financial systems, and highlights the substantial progress achieved by central banks in most of the countries.
Other form:Print version: Transforming financial systems in the Baltics, Russia, and other countries of the former Soviet Union. Washington, D.C. : International Monetary Fund, ©1999 1557757984
Standard no.:10.5089/9781455239610.071