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Monetary policy conduct in seven CESEE countries on their road to the euro created by Marjan Petreski

By: Material type: TextTextSeries: Comparative economic studies ; Volume 55, number 1Basingstoke: Palgrave Macmillan, 2013Content type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISSN:
  • 08887233
Subject(s): LOC classification:
  • HB90 COM
Online resources: Abstract: The objective of the paper is to examine whether monetary policy responses to inflation, output gap and exchange rate changed in seven countries of Central and South Eastern Europe between 1991 and 2010. Results suggest that monetary policy has been governed by: (i) three regimes in the Czech Republic and Poland – the initial pegging, the eclectic approach and inflation targeting; (ii) two similar regimes in Hungary – the approach with dual anchor; (iii) one main regime in the Baltics – the full subordination of monetary policy to the anchor currency; and (iv) one regime in Croatia – the orientation at maintaining stable exchange rate due to the banking system exposure to currency risk.
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Item type Current library Call number Vol info Copy number Status Notes Date due Barcode
Journal Article Journal Article Main Library - Special Collections HB90 COM (Browse shelf(Opens below)) Vol.55, no.1, (pages 1-42) SP14969 Not for loan For In House Use Only

The objective of the paper is to examine whether monetary policy responses to inflation, output gap and exchange rate changed in seven countries of Central and South Eastern Europe between 1991 and 2010. Results suggest that monetary policy has been governed by: (i) three regimes in the Czech Republic and Poland – the initial pegging, the eclectic approach and inflation targeting; (ii) two similar regimes in Hungary – the approach with dual anchor; (iii) one main regime in the Baltics – the full subordination of monetary policy to the anchor currency; and (iv) one regime in Croatia – the orientation at maintaining stable exchange rate due to the banking system exposure to currency risk.

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