Monetary And Exchange Rate Policy Of Transition Economics Of Central And Eastern Europe After The Launch Of Emu
Download and Read Monetary And Exchange Rate Policy Of Transition Economics Of Central And Eastern Europe After The Launch Of Emu full books in PDF, ePUB, and Kindle. Read online free Monetary And Exchange Rate Policy Of Transition Economics Of Central And Eastern Europe After The Launch Of Emu ebook anywhere anytime directly on your device. We cannot guarantee that every ebooks is available!
Monetary and Exchange Rate Policy of Transition Economies of Central and Eastern Europe after the Launch of EMU
Author | : Mr.Paul R. Masson |
Publisher | : International Monetary Fund |
Total Pages | : 26 |
Release | : 1999-07-01 |
Genre | : Business & Economics |
ISBN | : 1451972644 |
Download Monetary and Exchange Rate Policy of Transition Economies of Central and Eastern Europe after the Launch of EMU Book in PDF, Epub and Kindle
The more advanced Central and Eastern European Countries (CEECs) face an evolving set of considerations in choosing their exchange rate policies. On the one hand, capital mobility is increasing, and this imposes additional constraints on fixed exchange rate regimes, while trend real appreciation makes the combination of low inflation and exchange rate stability problematic. On the other hand, the objectives of EU and eventual EMU membership make attractive a peg to the euro at some stage in the transition. The paper discusses these conflicting considerations, and considers the feasibility of an alternative monetary framework, inflation targeting.