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Trade and Payments in Eastern European Economic Reform

Sven Arndt ()
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Sven Arndt: Lowe Institute of Political Economy, Claremont McKenna College

No 9901, Working Papers from Lowe Institute of Political Economy

Abstract: What is the appropriate exchange rate regime for the emerging economies of Eastern Europe? Would a given regime suit all of them equally? Is there a regime that is as appropriate for the transition as for the long run? What are the relative merits of fixed and flexible rates in this context and what, if any, is the role of capital controls?

Keywords: real exchange rates; non-tradeables; current account (search for similar items in EconPapers)
JEL-codes: F31 F32 F41 (search for similar items in EconPapers)
Date: 1999
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Published in Exchange-Rate Policies for Emerging Market Economies (Westview 1999) pages 227-238.

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