English, Article edition: Which Exchange Rate Regime in Central European Countries? Patrick Artus

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Which Exchange Rate Regime in Central European Countries?
Author
  • Patrick Artus
Physical Description
  • article
Notes
  • The paper first compares the monetary and exchange-rate policies conducted in the CEECs and by one of the neighbouring countries of the United States (Mexico). It is shown that Mexico has implemented reasonably expansionary policies, boosting production while avoiding financial imbalances and inflation, whereas in the CEECs policies are more rigid, and have led to the appearance of imbalances. The paper discusses possible causes of these differences, other than the exchange rate strategy of the countries. It uses a theoretical two-country model (a “large” country and a “small” country) to analyse the optimal exchange-rate policy in the small country.
  • Exchange rate policy; international comparison; monetary policy
  • RePEc:cii:cepiei:2005-2tb
Language
  • English
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