In This Review

Money, Banking, and Credit in the Soviet Union & Eastern Europe
Money, Banking, and Credit in the Soviet Union & Eastern Europe
By Adam Zwass
Sharpe, 1979, 233 pp

Although there have been many departures from the Soviet model in the East European countries and their economies differ a good bit from one another, in none do money and credit perform the same functions as in market systems, according to this analysis. Increased economic intercourse with the West cannot lead to real integration of the socialist countries into the world economy without drastic changes in price policy to make currencies convertible (or even truly transferable within the Eastern system). Dr. Zwass writes with the authority of a career in Polish banks, five years in the COMECON headquarters in Moscow, and a decade of observation from Vienna.