V Foreign Trade and Exchange Rate Reform
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund

Abstract

Hungary’s foreign trade system consisted until 1991 of two separate regimes of approximately equal importance in terms of the volume of trade: one with market economies and one with the socialist world. Reform of the trade system focused on the regime governing trade with market economies. The system governing trade with the socialist world—especially with other CMEA members—remained relatively unchanged until the introduction of trade at world market prices in 1991.

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