01565cas a2200241 a 4500 AALejournalIMF010556 230101c9999 xx r poo 0 0eng d 15.00 USD 9781451947076 1020-7635 BD-DhAAL BD-DhAAL International Monetary Fund. Research Dept. IMF Staff papers : Volume 38 No. 2. Washington, D.C. : International Monetary Fund, 1991. 1 online resource (217 pages) IMF Staff 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 CMEA countries are starting to conduct their trade 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 U.S.S.R. Proposals have been made for a payments union, resembling the European Payments Union of 1950-58, to ease the transition. Such an arrangement would not function well if it included the U.S.S.R., which would be a persistent creditor. Other ways must be found to deal with the transition. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 1991/001 Full text available on IMF http://elibrary.imf.org/view/journals/024/1991/001/024.1991.issue-001-en.xml IMF e-Library