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Fixity of Exchange Rates and Efficiency of Monetary Policy in the European Transition Economics. The Experience of the Late 1990's

M. Pournarakis

Athens University of Economics and Business from Athens University of Economics and Business, Department of International and European Economic Studies

Abstract: The findings of the paper point to the fact that the fixed exchange rate regimes did not operateas an effective shield of protection from currency strains and transformational recessions.

Keywords: FINANCIAL POLICY; EXCHANGE RATE (search for similar items in EconPapers)
JEL-codes: E52 F30 F31 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:fth:athebu:133

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