Trade policy and exchange rate issues in the former Soviet Union (Английский)

The author reviews possible trade and exchange rate policies of the former Soviet Union. Alternative exchange rate regimes, including a monetary union are considered. For Russia, a fixed but adjustable regime is most realistic. Frequent adjustment may be desirable, to prevent the use of trade restrictions to achieve balance of payments objectives. The author examines the need for transitional tariffs, including the argument for a temporary uniform...
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