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Structural Adjustment and Exchange Rate Policy in Yugoslavia

  • Gorazd Nikić

Abstract

Postwar experience has indicated a propensity in many developing countries to pursue the policy of overvalued domestic currency. This has been widely recognised as one of the major developmental policy failures which has substantially contributed to distortions in economic structures, balance of payments problems and the debt crisis. Appropriate exchange-rate policies are, therefore, suggested and recognised as a necessary condition for improvements in the balance of payments and the relief of the debt problem. It is also recognised that appropriate exchange-rate policies will differ according to the character of sources and nature of disturbances in particular economies.

Keywords

Foreign Exchange Structural Adjustment Foreign Exchange Market Domestic Consumption Average Annual Growth Rate 
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Notes

  1. 1.
    I. Vinski, ‘Ustanovljenje realnog kursa dinara na bazi pariteta domace kupovne snage nacionalnih valuta’, Ekonomski pregled, br. 6–7, Zagreb, 1963.Google Scholar
  2. For more details see: G. Nikić, ‘Potrosnja u razdoblju stabilizacije’, Aktuelni problemi privrednih kretanja i ekonomske politike Jugoslavie, Zagreb, 1984.Google Scholar
  3. 5.
    This point is elaborated in G. Nikić, ‘Politika tecaja i platno-bilancna ravnoteza’, Aktuelni problemi privrednih kretanja i ekonomske politike Jugoslavie, Zagreb, Ekonomski institut, 1984.Google Scholar
  4. 7.
    For details see, G.Nikić, ‘Foreign Trade and Foreign Exchange System’, in A.Cicin-Sain and M.Ellis (eds), Doing Business with Yugoslavia, April 1986.Google Scholar
  5. 8.
    See, G.Nikić, ‘Da Ii je novi devizni sistem efikasan’, in Aktuelni problemi privrednih kretanja i ekonomske politike Jugoslavie, Zagreb, Ekonomski institut, 1986.Google Scholar

Copyright information

© H. W. Singer and Soumitra Sharma 1989

Authors and Affiliations

  • Gorazd Nikić

There are no affiliations available

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