Abstract
Currency conversion in foreign trade takes place in an economy that participates in more than one international trade and accounting system. One of these is world trade accounted in freely convertible currencies, while others include a zone of bilateral and multilateral clearing like CMEA or the bilateral clearing rouble accounting system between the Soviet Union and Finland. Currency conversion in Hungarian foreign trade as elsewhere in Eastern Europe, is a special case of which there is a very low degree of substitutability and a substantial difference of efficiency criteria between the two types of exports and imports.
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© 1990 Michael Marrese and Sándor Richter
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Török, Á. (1990). Reflections on Enterprise-level Currency Conversion in Foreign Trade: The Case of Hungary. In: Marrese, M., Richter, S. (eds) The Challenge of Simultaneous Economic Relations with East and West. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-11409-2_15
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DOI: https://doi.org/10.1007/978-1-349-11409-2_15
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-11411-5
Online ISBN: 978-1-349-11409-2
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