Monetary policy in Central Europe. (2007)

• Record Type: Book
• Further Information: Note: Miroslav Beblavý.
• Other Names: Beblavý, Miroslav
• Contents: Monetary policy objectives, frameworks and institutions -- Monetary policy objectives and frameworks -- Central bank independence : literature review -- Experience with domestic targets of monetary policy -- Foreign exchange rate regime and exchange rate targeting -- Review of macroeconomic developments with emphasis on inflation and monetary policy developments -- Fragility, shallowness and monopolistic structure of financial markets -- Imbalances and peculiarities in the relationship between the real economy and the financial sector -- Price misalignment and limited controllability of inflation -- Expectations and pressures of future EMU membership -- Gradual financial integration into the world economy -- Key economic and monetary developments in the Czech Republic : 1993-2001 -- Key economic and monetary developments in Hungary : 1993-2001 -- Key economic and monetary developments in Poland : 1993-2001 -- Key economic and monetary developments in Slovakia : 1993-2001 -- Monetary policy transmission mechanism in Central Europe -- Building the VAR models -- Analysis of VAR results -- Institutional constraints on policy discretion : central bank independence -- Central bank independence : what do legal indices tell us? -- Legal and constitutional factors affecting independence of central banks -- Rule of law, personal independence and political role of central banks -- Central bank autonomy in exchange rate policy -- The role of the exchange rate in monetary policy -- Framework for analysis of exchange rate strategies -- Nominal exchange rate -- Real exchange rate and its role -- Experience of individual countries with exchange rate strategies -- Evaluation of Central European exchange rate strateiges -- Domestic targets and their role in monetary policy -- Monetary targeting -- Inflation targeting : introduction -- Introduction of inflation targeting in Central Europe -- Inflation targeting : design and implementation issues -- Evaluation of inflation targets -- Inflation targeting : influencing the behaviour of the central bank -- Conclusion -- Explaining monetary policy in Central Europe -- Lessons for the theory of monetary policy in highly open middle-income-economies -- Epilogue : on the road to Eurozone (2002-2006) -- Monetary policy frameworks since 2001 -- The Maastricht criteria on public debt and long-term interest rates -- The Maastricht criteria on inflation and exchange-rate stability -- The Maastricht criterion on fiscal deficit.
• Publisher Details: Place of publication not identified : Routledge
• Publication Date: 2007
• Extent: 1 online resource (224 pages), (63 illustrations)
• Subjects: 339.5/30943; BUSINESS & ECONOMICS / Finance; Monetary policy -- Europe, Central; Monetary policy -- Europe, Eastern; Monetaire politiek; Politique monétaire; Taux de change; Inflation; Banques centrales; Economies de transition; UE/CE Politique; UE/CE Euro; Monetary policy; Beitrittsstaaten; Geldpolitik; Systemtransformation; Wirtschaftsreform; Wirtschaftssystem; Monetaire politiek; Geldpolitik; Wirtschaftssystem; Systemtransformation; BUSINESS & ECONOMICS / Development / Business Development; Midden-Europa; République tchèque; Hongrie; Pologne; Slovaquie; Europe, Central; Europe, Eastern; Europäische Union; Ostmitteleuropa; Visegrád-Staaten; Midden-Europa; Ostmitteleuropa
• Languages: English
• ISBNs: 9781134138982; 1134138989
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.