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Can Exchange Rate Targeting Stabilise Inflation Pressures in Transition Countries? - Case of the Slovak and the Czech Republic

Author

Listed:
  • Marianna Neupauerová

    (Technical University of Košice, Faculty of Economics)

  • Peter Čisárik

    (P. J. Šafárik University in Košice, Faculty of Public Administration)

Abstract

Each monetary strategy with its targeting has its strengths and disadvantages. However, exchange rate targeting can be very useful especially at the beginning of transition process as it helps to stabilise inflation. We try to evaluate effectiveness of exchange rate targeting in the Slovak Republic and in the Czech Republic using statistic methods. Our conclusions can serve as an experience to other countries that are e.g. just at the beginning of their transition process.

Suggested Citation

  • Marianna Neupauerová & Peter Čisárik, 2009. "Can Exchange Rate Targeting Stabilise Inflation Pressures in Transition Countries? - Case of the Slovak and the Czech Republic," Economic Analysis, Institute of Economic Sciences, vol. 42(3-4), pages 18-28.
  • Handle: RePEc:ibg:eajour:v:42:y:2009:i:3-4:p:18-28
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    File URL: http://www.ien.bg.ac.rs/index.php/sr/2009/2009-34
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    More about this item

    Keywords

    Exchange-rate targeting; inflation targeting; inflation rate; Slovakia; the Czech Republic;

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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