Exchange-Rate Policies in Central Europe and Monetary Union

21 Pages Posted: 25 Aug 2010  

Lucjan T. Orlowski

Sacred Heart University - John F. Welch College of Business

Multiple version iconThere are 2 versions of this paper

Date Written: 1998

Abstract

This paper examines the relationship between exchange-rate and monetary policies in transition economies (TEs) bent on entering the European Union (EU) and eventually acceding to the EUs monetary union. After detailing the present exchange-rate systems and monetary regimes in the central European TEs, currently practiced targets of monetary policy are reviewed and some proposed policy changes in response to the requirements of monetary union are discussed. Thereafter the question whether the candidates are likely to have to resort to a final currency devaluation no more than two years prior to acceding to monetary union is examined. This is followed, by way of conclusion, with some further suggestions for desirable adjustments in short-and long-term monetary policy.

Suggested Citation

Orlowski, Lucjan T., Exchange-Rate Policies in Central Europe and Monetary Union (1998). Comparative Economic Studies, Vol. 40, Issue 3, pp. 58-78, 1998. Available at SSRN: https://ssrn.com/abstract=1664917 or http://dx.doi.org/10.1057/ces.1998.22

Lucjan T. Orlowski (Contact Author)

Sacred Heart University - John F. Welch College of Business ( email )

5151 Park Avenue
Fairfield, CT 06825
United States
203-371-7858 (Phone)

HOME PAGE: http://www.sacredheart.edu/ltorlowski.cfm

Paper statistics

Downloads
2
Abstract Views
199