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The Polish Exchange Rate Policy and Economic System Transformation

  • Leszek Jasiński
Part of the Contributions to Economics book series (CE)

Abstract

The establishment of the internal convertibility of the Polish zloty was one of the most important ingredients of the system transition program that was launched in the beginning of 1990. A solid currency was necessary to start the process of liberalization of foreign trade and the economy as a whole. The efficient functioning of a market economy is impossible without free access for every economic agent to foreign exchange. All forms of central allocation of foreign currencies, typical for centrally planned economies, had to be terminated.

Keywords

Exchange Rate Foreign Exchange Foreign Trade Real Exchange Rate Money Supply 
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 1994

Authors and Affiliations

  • Leszek Jasiński

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