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Query: faculty: "FEB" and publication year: "1991"

AuthorM.J. Ellman
TitleCovertibility of the rouble
JournalCambridge Journal of Economics
Volume15
Year1991
Issue4
Pages481-497
ISSN0309-166X
FacultyFaculty of Economics and Business
Institute/dept.FEB: Amsterdam School of Economics Research Institute (ASE-RI)
KeywordsPolitical economy; Monetary economics; U.S.S.R.
AbstractThis paper analyzes internal convertibility of the rouble, its meaning, conditions for its success as part of a monetary stabilization package, and possible problems if it is introduced when these conditions are lacking. It is argued that the introduction of internal convertibility as part of a successful stabilization package has a number of advantages, that the conditions necessary for this to be possible currently do not exist in the U.S.S.R., and that an unsuccessful monetary stabilization package may make the situation worse and not better. Whether or not the rouble will remain the Union currency is also considered.
Document typeArticle
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