Which Exchange Rate Regime in Central European Countries?

Patrick Artus

Economie Internationale, 2005, issue 102, 33-57

Abstract: 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.

Keywords: Exchange rate policy; international comparison; monetary policy (search for similar items in EconPapers)
JEL-codes: E52 F31 (search for similar items in EconPapers)
Date: 2005
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cepii.fr/IE/rev102/rev102b.htm (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cii:cepiei:2005-2tb

Access Statistics for this article

More articles in Economie Internationale from CEPII research center Contact information at EDIRC.
Bibliographic data for series maintained by ().