Integrating transition economies into the global commercial and trade market system is a prolonged and risky process. This book is a collection of studies dealing with the different issues related to the liberalization of external relations in economies moving from a socialist to a market-based...

The polemic about the proper role of monetary policies and the appropriate functions of central banks has received renewed stimulus from a number of very current events. In Europe, the creation of a supranational central bank has been realized. In the United States and other industrial as well...

Reforms in Central–Eastern Europe and in the former Soviet Union have challenged the ability of established theories to account for such an extraordinary political, economic and social transformation. As it is too soon to analyse the outcomes of these reforms, Mario Blejer and Fabrizio...