Eastern Europe and the Euro Area
The recent string of economic difficulties and financial collapses in Eastern Europe revived the interest in monetary and exchange rate arrangements as linchpins of reform efforts in the former communist economies. Given the geographical location, the advent of the European Monetary Union (EMU) is, indeed, the major factor determining the shape of this reform effort.
KeywordsEuropean Union Euro Area Real Exchange Rate Transition Economy Exchange Rate Regime
Unable to display preview. Download preview PDF.
- Anderson, Ronald W., Berglof, Erik, and Kalman Mizsei (1996), Banking Sector Development in Central and Eastern Europe,IEWS and CEPR.Google Scholar
- Balino, Tomas, Enoch, Charles, Ize, Alain, Santipraphob, Veerathai, and Peter Stella (1997), “Currency Board Arrangements: Issues and Experiences,” IMF Occasional Paper no. 151. Corsetti, Giancarlo, Pesenti, Paolo, and Nouriel Roubini (1998), “Paper Tigers: Preliminary Assessment of Asian Crisis,” Nouriel Roubini’s Web page.Google Scholar
- Ghosh, Atish R., Guide, Anne-Marie, and Holger C. Wolf (1998), Currency Boards: The Ultimate Fix? IMF Working Paper no. 98 /8.Google Scholar
- Goldstein, Morris, and Philip Turner (1996), “Banking Crisis in Emerging Economies: Origins and Policy Options,” BIS Economic Papers no. 46.Google Scholar
- Hanke, Steven, and Kurt Schuler (1991), Currency Boards for Eastern Europe. Washington D.C.: Heritage Foundation.Google Scholar
- Honohan, Patrick (1997), “Banking System Failures in Developing and Transition Economies,” BIS Working Paper no. 39.Google Scholar
- Quattara, Allasane D. (1998), “The Asian Crisis: Origins and Lessons,” invited address to RAM, Fez, Morocco.Google Scholar
- Rusek, Antonin (1998a), “Demand for Money in CEFTA Countries: Is Their Accession to EU Feasible?” 6th International Conference of the Economic Society of Thessaloniki, Komotini, Greece.Google Scholar
- Rusek, Antonin (1 998b), “Real Exchange Rate, Economic Performance and External Stability in Poland,” in The Polish Economy in the Process of European Integration: Methodological and Comparative Approach,Waclawa Starzynska and Anna Malarska, eds. Lodz: University Press.Google Scholar
- Stiglitz, Joseph (1998), “Road to Recovery,” Asiaweek, July 27.Google Scholar
- Tobin, James (1984), “On the Efficiency of the Financial System,” Lloyds Bank Review.Google Scholar
- Williamson, John (1995), What Role for Currency Boards? Washington D.C.: Institute for International Economics.Google Scholar