Can Exchange Rate Targeting Stabilise Inflation Pressures in Transition Countries? - Case of the Slovak and the Czech Republic

Marianna Neupauerová and Peter Čisárik
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Marianna Neupauerová: Technical University of Košice, Faculty of Economics
Peter Čisárik: P. J. Šafárik University in Košice, Faculty of Public Administration
Authors registered in the RePEc Author Service: Marianna Sinicakova ()

Economic Analysis, 2009, vol. 42, issue 3-4, 18-28

Abstract: Each monetary strategy with its targeting has its strengths and disadvantages. However, exchange rate targeting can be very useful especially at the beginning of transition process as it helps to stabilise inflation. We try to evaluate effectiveness of exchange rate targeting in the Slovak Republic and in the Czech Republic using statistic methods. Our conclusions can serve as an experience to other countries that are e.g. just at the beginning of their transition process.

Keywords: Exchange-rate targeting; inflation targeting; inflation rate; Slovakia; the Czech Republic (search for similar items in EconPapers)
JEL-codes: E50 E52 E58 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ibg:eajour:v:42:y:2009:i:3-4:p:18-28

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