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Monetary Arrangements and Exchange Rate Regime in a Small Transitional Economy (Slovenia)

  • Ivan Ribnikar

Abstract

The monetary arrangements, monetary policy, exchange rate regime and exchange rate policy that have been in existence in Slovenia since October 1991, when Slovenia became independent, had not been introduced in an empty space. There were very important left-overs, especially in the financial sector, of the market-planned economic system, that had to be replaced by the market economic system (or capitalism), and there were quite a few experiences with a kind of monetary integration. The replacement of the market-planned economic system means in the first place abolishment of the social ownership of business enterprises. As this has been done in the first place according to the wishes and whims of politicians, and contrary to the logic of economics and efficiency, the chosen method of the abolishment of the social ownership of business enterprises must figure at the same level as left-overs of the past and experiences with previous monetary arrangements, when monetary arrangements, monetary policy, exchange rate regime and exchange rate policy are analysed.

Keywords

Monetary Policy Central Bank Business Enterprise Exchange Rate Regime European Monetary 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 1999

Authors and Affiliations

  • Ivan Ribnikar

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