01643cas a2200241 a 4500 AALejournalIMF010011 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451955712 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Transitional Arrangements for Trade and Payments Among the CMEA Countries. Washington, D.C. : International Monetary Fund, 1990. 1 online resource (35 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 Trade among the CMEA countries will soon be conducted at world prices and in convertible currencies. These are crucial steps in economic reform but will worsen Eastern Europe's terms of trade and drive it into current account deficit with the USSR. Proposals have been made for a payments union, resembling the European Payments Union of 1950-1958, to ease the transition. But it would not be very helpful if confined to the countries of Eastern Europe and would not function well if it included the USSR, which would be a persistent creditor. Other ways must be found to deal with the transition. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1990/079 Full text available on IMF http://elibrary.imf.org/view/journals/001/1990/079/001.1990.issue-079-en.xml IMF e-Library