Monetary and Financial Policies in the Transition Period

  • Philipp Rieger
Part of the East-West European Economic Interaction book series (EEIIWP)


In the usage of the IMF and the World Bank the term “financial policies” comprises both fiscal and monetary policies. As a former central banker I will confine my comments in this paper to the rôle of monetary policy in a period of transition and the institutional framework necessary for its proper functioning under market conditions.


Interest Rate Monetary Policy Central Bank Banking System Commercial Bank 
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  1. 2).
    For discussion of the Austrian case see Hochreiter, E., “The Austrian National Bank Act: What does it say about monetary policy?”, in: Konjunkturpolitik No. 4, 1990. See also Androsch, Ch. 12 of this volume.Google Scholar
  2. 4).
    Richter, S., “Hard currency export boom of an economy in a mess”, in: WIIW-Mitgliederinformation, No. 8, 1990, p. 24.Google Scholar

Copyright information

© Wiener Institut für Internationale Wirtschaftsvergleiche (WIIW) / The Vienna Institute for Comparative Economic Studies 1992

Authors and Affiliations

  • Philipp Rieger
    • 1
  1. 1.Advisor to the BoardCreditanstalt-BankvereinViennaAustria

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