Managing Payment System Risk During the Transition From a Centrally Planned to a Market Economy /

The objectives and functions of payments systems in centrally planned economies are described and analyzed. These are compared to those of payments systems in market economies and to the characteristics of an ideal payments system. The dominant role of the state in the centrally planned economies me...

Full description

Bibliographic Details
Main Author: Hook, Andrew
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1992.
Series:IMF Working Papers; Working Paper ; No. 1992/095
Online Access:Full text available on IMF