01564cas a2200241 a 4500 AALejournalIMF006990 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451920987 1018-5941 BD-DhAAL BD-DhAAL Rostowski, Jacek. Systemic Requirements for Monetary Stability in Eastern Europe and the Former Soviet Union / Jacek Rostowski. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (24 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 The primary function of banks during economic transformation is seen to be provision of an efficient payments mechanism. The lack of banking skills, particularly in credit allocation, is seen as the major problem in stable monetary systems. This is a problem which can be expected to last many years. The solution is to limit banks to very safe assets (initially central bank liabilities). Combining such safe banks with a monetary rule would provide stable monetary systems during transition. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1994/024 Full text available on IMF http://elibrary.imf.org/view/journals/001/1994/024/001.1994.issue-024-en.xml IMF e-Library