For many of the countries that made up the Soviet Union, the period immediately following the collapse of the Soviet Union in 1990 found these countries experiencing extremely high rates of inflation.To solve this problem, a number of countries:

Question

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Turning the authority to print money over to an independent central bank would ensure that the government cannot print excess money to cover its expenses, thus reducing the risk of inflation. Imposing price controls may lead to shortages and black markets, while devaluing the currency and returning to a gold standard may have unpredictable effects on trade and international relations.

For Many of the Countries That Made Up the Soviet