Politická ekonomie 1997, 45(2):171-182 | DOI: 10.18267/j.polek.272

Substituce měny ve východní Evropě

Bas van Aarle, Nina Budina

Currency Substitution in Eastern Europe

Economical and political instability that prevailed in most Eastern European countries after reforming programs stimulates strong increase of currency substitution. An important impact of currency substitution is a reduction of controlling of monetary equilibrium by monetary institutions. It could results in higher instability of exchange rate and inflation. From the view of public finance the currency substitution produce that tax base is more elastic considering taxation. The text analyses currency substitution in the Hungary, Poland, Romania and Bulgaria.

Published: April 1, 1997  Show citation

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van Aarle, B., & Budina, N. (1997). Currency Substitution in Eastern Europe. Politická ekonomie, 45(2), 171-182. doi: 10.18267/j.polek.272
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