A Model of Exchange Rate Regime Choice in the Transitional Economies of Central and Eastern Europe

A Model of Exchange Rate Regime Choice in the Transitional Economies of Central and Eastern Europe
The paper develops a model of exchange rate regime choice centered on the trade-off between internal price stability and external competitiveness and allowing for institutional costs of altering exchange rate arrangements. The main implication of the model is a nonlinear relationship between the rate of inflation and the choice of regime for the... READ MORE...

Publication date: September 2001
ISBN 9781451856125
$15.00

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