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• W1569668427 abstract "In this paper we re-examine the experience of the Czech Republic with the exchange rate regime during the period 1990-97. We review arguments for and against choosing a peg as they appeared in the early 1990s. Then, we evaluate the success of the peg in curbing inflationary pressures stemming from price liberalization. We also show some of its unpleasant consequences. In the second part of the paper we discuss the macroecononomic precedents which most likely led to the abandoning of the peg in May 1997. Finally, we present some thoughts on possible exchange rate developments, especially with respect to a potential future membership in the European Monetary Union." @default.
• W1569668427 created "2016-06-24" @default.
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• W1569668427 date "1998-01-01" @default.
• W1569668427 modified "2023-09-27" @default.
• W1569668427 title "Exchange rate regimes in the transition economies: Case study of the Czech Republic: 1990-1997" @default.
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• W1569668427 hasPublicationYear "1998" @default.
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