01750cas a2200241 a 4500 AALejournalIMF004556 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451854954 1018-5941 BD-DhAAL BD-DhAAL De Cecco, Marcello. Central Banking in Central and Eastern Europe : Lessons From the Interwar Years' Experience / Marcello De Cecco. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (36 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the philosophies which inspired the institution of central banking in Central and Eastern Europe in the interwar years. Influenced by the Financial Section of the League of Nations, the new central banks adopted laws which prohibited or severely restricted the financing of government fiscal debt. They were encouraged to centralize their payments systems and manage exchange rates to keep control of the money supply and achieve monetary stability. Before long they were forced to adopt further provisions in the area of banking supervision to regulate commercial banks. This paper considers the particular cases of Czechoslovakia, Hungary and Poland. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1994/127 Full text available on IMF http://elibrary.imf.org/view/journals/001/1994/127/001.1994.issue-127-en.xml IMF e-Library