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Monetary policy in the transition to a market economy: The case of Hungary

By Thomas Apolte

Abstract

In the centrally planned economies of Eastern Europe, monetary policy played a subordinate role, there were no capital-market institutions and the banking system was single-tier. All this has to be changed in the transition to a market economy. The example of Hungary, which abolished the traditional system of central planning as early as 1968, shows some of the pitfalls to be avoided

Topics: ddc:330, System Transformation
Publisher: Springer Heidelberg
Year: 1991
DOI identifier: 10.1007/BF02926120
OAI identifier: oai:econstor.eu:10419/140295
Provided by: EconStor

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