Exchange Rate and the Price Level in Socialist Economies PDF Download

Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Exchange Rate and the Price Level in Socialist Economies PDF full book. Access full book title Exchange Rate and the Price Level in Socialist Economies by International Monetary Fund. Download full books in PDF and EPUB format.

Exchange Rate and the Price Level in Socialist Economies

Exchange Rate and the Price Level in Socialist Economies PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451971044
Category : Business & Economics
Languages : en
Pages : 26

Get Book Here

Book Description
The paper examines how the evolution from a classical centrally planned economy to a more market-oriented system will enhance the linkage between the exchange rate and the domestic price level. However, during the transition--as the economy continues to be predominantly state-owned, the inherited production structure is only gradually modified, capital and labor mobility are still relatively low and financial discipline is less-than-complete--the elasticity of the domestic price level with respect to a change in the exchange rate, or, to a change in world market prices, may still be lower than in an otherwise comparable market economy.