Exchange Rate Policy in Transition Economies: The Initial Choice and the Subsequent Experience

Christos Papazoglou

Economia Internazionale / International Economics, 1999, vol. 52, issue 1, 91-110

Abstract: This paper examines the experience of most Central and Southeastern European countries with respect to the exchange rate regimes they adopted. It first analyzes the exchange rate arrangements of these countries at the beginning of the transition process and how they relate to their initial macroeconomic conditions. Then, the subsequent experience of these countries is considered and linked to the course of their economic stabilization and reform efforts. It is pointed out that, depending primarily on their economic conditions, they initially adopted one of the two polar exchange rate systems. After considering their subsequent experience, the analysis concludes that a move away from the two polar regimes was to a large extent possible only in the case of countries that were more or less successful in implementing stabilization and reform programs.

JEL-codes: F30 F31 F41 (search for similar items in EconPapers)
Date: 1999
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:ris:ecoint:0285

Access Statistics for this article

Economia Internazionale / International Economics is currently edited by Giovanni Battista Pittaluga

More articles in Economia Internazionale / International Economics from Camera di Commercio Industria Artigianato Agricoltura di Genova Via Garibaldi 4, 16124 Genova, Italy. Contact information at EDIRC.
Bibliographic data for series maintained by Angela Procopio ().