Integrating the Central and East European Countries into the International Monetary System

  • Richard Portes
  • Henryk Kierzkowski
  • Jan Vit
Conference paper


This topic at first seemed a straightforward assignment. It was not. First, the Central and East European countries (CEECs) have become progressively more differentiated since they discarded their old economic systems at the end of the 1980s. There were modifications of the standard centrally planned economy (CPE), but the range from Hungary to the old German Democratic Republic was fairly uniform, nowhere more so than in their international monetary affairs. Today these countries are in no respect more diverse than in their monetary and exchange rate regimes and their degree of integration into the international economy.


Exchange Rate Monetary Policy Foreign Exchange Real Exchange Rate Trade Liberalization 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer-Verlag Berlin · Heidelberg 1995

Authors and Affiliations

  • Richard Portes
  • Henryk Kierzkowski
  • Jan Vit

There are no affiliations available

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