Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/1651
Authors: 
Schweickert, Rainer
Year of Publication: 
1995
Citation: 
[Journal:] Intereconomics [ISSN:] 0020-5346 [Volume:] 30 [Year:] 1995 [Issue:] 3 [Pages:] 126-132
Abstract: 
Two macroeconomic constraints determine the credibility of an exchange rate system: the availability of foreign exchange and the sustainability of fiscal balance. The following paper analyses the relative importance of these constraints for fixed and flexible exchange rate systems, examines the progress of reforms to relax these constraints in Estonia and Russia and draws conclusions for the choice of an exchange rate system for other countries of the former Soviet Union.
Persistent Identifier of the first edition: 
Document Type: 
Article

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