Filling in frameworks -- Machine as metaphor -- Instructions and incentives -- Choices and commands -- Specialization and sustainability -- Trade and trust -- Finance and fluctuations -- Policy in practice -- Macroeconomics and misgivings -- Concluding contemplation

The interaction between the exchange rate regime and macroeconomic stabilization in several transition economies during 1990-1996 was influenced by the persistence of high inflation rates and the initial disequilibrium between the highly undervalued nominal exchange rates in relation to their...