Abstract
On June 26, 1991, Slovenia proclaimed its independence from Yugoslavia. The proclamation coincided with unresolved disputes over customs duties. When the Yugoslav federal authorities attempted to grab control of the borders, they were extremely surprised by the resistance. They gave up within a week, and an agreement was reached: the army would withdraw if Slovenia postponed the implementation of independence for three months. On 8 October 1991 Slovenia became “fully independent” and introduced its own currency — the Slovene tolar. In early 1992, the country was recognized as an independent state by the EC. In May 1992, it became a member of the UN.
This a paper was prepared at the International Center for Economic Research in Torino, Italy. The financial support provided is gratefully acknowledged. I would like to thank Enrico Colombatto for helpful comments on a previous draft.
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Mencinger, J. (1994). The Birth and Childhood of a Currency: The Experience of Slovenia. In: Gács, J., Winckler, G. (eds) International Trade and Restructuring in Eastern Europe. Contributions to Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-662-28276-2_5
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DOI: https://doi.org/10.1007/978-3-662-28276-2_5
Publisher Name: Physica, Heidelberg
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