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Politická ekonomie kursové politiky ve střední a východní evropě - odvětvový přístup
[The political economy of exchange rate policy in central and east european countries - sector approach]

Author

Listed:
  • Jaromír Šindel
  • Stanislav Šaroch

Abstract

The article solves the incentives to the different exchange rate arrangement choice during the transformation and integration period in the Central and East European countries. It follows with the analysis of the industry structure in these economies. It is discussed the existence of its direct and indirect channel of influencing the exchange rate politics. Article solves the hypothesis of interest group formation in regard to the exchange rate policy (the euro adoption) and the intergovernmental bargaining and the bargaining within the economy. The industry analysis results confirm the set hypothesis, in which the heterogeneity of industry structure explains the heterogeneous approach to the exchange rate politics during the transformation process in monitored economies. Finally, the redistributive change of Hungarian exchange rate policy is discussed in connection with the change of subsidies flow within the political cycle.

Suggested Citation

  • Jaromír Šindel & Stanislav Šaroch, 2008. "Politická ekonomie kursové politiky ve střední a východní evropě - odvětvový přístup
    [The political economy of exchange rate policy in central and east european countries - sector approach]
    ," Politická ekonomie, University of Economics, Prague, vol. 2008(1), pages 17-39.
  • Handle: RePEc:prg:jnlpol:v:2008:y:2008:i:1:id:628:p:17-39
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    Citations

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    Cited by:

    1. Rajmund MIRDALA, 2009. "Exchange Rate Pass-Through To Domestic Prices In The Central European Countries," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 4(3(9)_Fall).
    2. Mirdala, Rajmund, 2009. "Interest rate transmission mechanism of the monetary policy in the selected EMU candidate countries (SVAR approach)," MPRA Paper 14072, University Library of Munich, Germany.
    3. Mirdala, Rajmund, 2009. "Shocking aspects of monetary integration (SVAR approach)," MPRA Paper 17057, University Library of Munich, Germany.

    More about this item

    Keywords

    transition economies; exchange rate policy; compensation; sector approach;

    JEL classification:

    • D79 - Microeconomics - - Analysis of Collective Decision-Making - - - Other
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure

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