Russian reform/International money / Yegor Gaidar, Karl Otto Pöhl.

Author
Gaĭdar, E. T. (Egor Timurovich) [Browse]
Format
Book
Language
English
Published/​Created
Cambridge, Mass. : MIT Press, ©1995.
Description
146 pages : illustrations ; 22 cm

Availability

Copies in the Library

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Firestone Library - Stacks HC336.26 .G353 1995 Browse related items Request

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    Summary note
    Yegor Gaidar, former Prime Minister of the Russian Federation, and Karl Otto Poehl, former Chairman of the German Bundesbank, were invited to give the 1993 Lionel Robbins Lectures. The experiences of each author reflect the economic changes spreading across Europe - economic reform in the East and growing economic integration in the West. Gaidar helped launch Russian economic reforms in 1992, whilst Poehl fought the hyperinflation in Europe of the 1970s and 1980s and laid the groundwork for monetary stability in Western Europe. These lectures provide insight into how these leaders assessed the risks of their situations and used basic economic analysis to chart their courses. Gaidar reviews the events that led up to the August coup in Russia to argue that gradualism was not a viable approach to economic reform. He describes the conditions and dilemmas of the time, observing that reform in Russia is as much a political puzzle as it is an economic challenge. He outlines the successes and present dangers and concludes with an optimistic assessment of Russia's prospects for reform. Poehl provides an insider's view of the efforts of the Group of Seven industrialized nations to stabilize exchange rates from the 1970s on. He describes the tension in one country between the goals of price stability and exchange rate stability. This leads to a discussion of how monetary union was proposed in Europe and why the movement has encountered obstructions. An appendix provides more details on the objectives and proposed structure of European monetary integration.
    Bibliographic references
    Includes bibliographical references and index.
    Contents
    • Foreword / Richard Layard
    • Russian Reform / Yegor Gaidar. 1. Our Inheritance. 2. Liberalization. 3. Privatization and Stabilization
    • International Monetary Policy: A Personal View / Karl Otto Pohl. 1. International Cooperation in Monetary Policy and Currency Management. 2. The Road to European Economic and Monetary Union
    • Appendix: The Further Development of the European Monetary System.
    ISBN
    • 0262071657
    • 9780262071659
    LCCN
    94045868
    OCLC
    32242946
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