Planned economies produced many goods and services - such as cars, electricity, and machinery - that did not differ fundamentally from those available in market economies. Certainly, the quality and variety of these goods and services did not reach Western standards and there was an almost...

Yugoslavia's (1) economic system differed in many respects from the model pursued by other communist countries, and banking is certainly one of the areas where the country set itself apart from its peers. Yugoslavia had already introduced a two-tier banking system in the mid-1950s and also...