Interest Rate Policy in Central and Eastern Europe
Interest Rate Policy in Central and Eastern Europe

Author: Mr.Adam Bennett

Publisher: International Monetary Fund

Published: 1992-09-01

Total Pages: 38

ISBN-13: 1451848943

DOWNLOAD EBOOK

Interest rate policy in the newly reforming Central and Eastern European countries has generally been geared toward establishing positive real interest rates and defending the exchange rate. The principal instrument for this task has been administrative increases in controlled interest rates. This paper examines the effect of these adjustments on inflation, the real interest rate and the exchange rate. It points out the risk that when financial discipline over enterprises is weak raising nominal interest rates may do little more than raise credit growth, the rate of depreciation and ultimately inflation. Simulations attempt to shed light on the importance of these linkages.

Implications of EMU for Exchange Rate Policy in Central and Eastern Europe
Implications of EMU for Exchange Rate Policy in Central and Eastern Europe

Author: Mr.George Kopits

Publisher: International Monetary Fund

Published: 1999-01-01

Total Pages: 42

ISBN-13: 1451842570

DOWNLOAD EBOOK

In view of the requirements of Stage 2 of European Monetary Union (EMU) for accession to the European Union, this paper examines the desirability for, and the ability of, the lead candidates in Central and Eastern Europe to participate in the new exchange rate mechanism (ERM2) and eventually in EMU. For most of these countries the benefits are likely to outweigh the cost of participation. After successfully meeting the basic conditions (wage flexibility, prudent fiscal and monetary stance, financial system soundness) for ERM2, each candidate should be able to shadow the euro, with sufficient flexibility around the central rate, prior to formal participation. The paper concludes with a discussion of two policy dilemmas.

The Federal Reserve System Purposes and Functions
The Federal Reserve System Purposes and Functions

Author: Board of Governors of the Federal Reserve System

Publisher:

Published: 2002

Total Pages: 0

ISBN-13: 9780894991967

DOWNLOAD EBOOK

Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

Central and East European Politics
Central and East European Politics

Author: Zsuzsa Csergo

Publisher: Rowman & Littlefield

Published: 2021-06-22

Total Pages: 643

ISBN-13: 1538142813

DOWNLOAD EBOOK

Now in a fully revised and updated edition, this essential text provides a comprehensive introduction to Central and Eastern Europe, including the Baltics and Ukraine. Broad but nuanced, it offers a reader-friendly overview of the globally and regionally significant changes and challenges the region faces. Divided into two parts, the book first presents thematic chapters on key issues, including nationalism and challenges to democratic institutions and practices, the contentious politics of memory, debates over demography and migration in a region with a shrinking population, and Russian efforts to retain regional influence through hard and soft power. The case-study chapters that follow highlight key political developments after communism as well as providing a strong foundation for readers on regional history and the political and economic experiences of the communist years. Each covers the foundational topics of political history, political competition, economic development, social problems, relationships with European institutions, and threats to good governance. For students and specialists alike, this book will be an invaluable resource on this dynamic region of Europe.

The New Capital Markets in Central and Eastern Europe
The New Capital Markets in Central and Eastern Europe

Author: Michael Schröder

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 539

ISBN-13: 3642565204

DOWNLOAD EBOOK

An excellent analyses of the effects of EU enlargement on capital markets in the most advanced countries of Central and Eastern Europe and Russia. It also investigates the EU's impact on the interactions between Eastern and Western capital markets. The study is particularly useful for financial analysts, institutional investors and academic researchers who are interested in the economic and institutional developments of capital markets in CEE countries.

Negative Interest Rates
Negative Interest Rates

Author: Luís Brandão Marques

Publisher: International Monetary Fund

Published: 2021-03-03

Total Pages: 84

ISBN-13: 1513570080

DOWNLOAD EBOOK

This paper focuses on negative interest rate policies and covers a broad range of its effects, with a detailed discussion of findings in the academic literature and of broader country experiences.

The European Central Bank
The European Central Bank

Author: Hanspeter K. Scheller

Publisher:

Published: 2006

Total Pages: 229

ISBN-13: 9789289900270

DOWNLOAD EBOOK

Comprehensive 200-page overview of the ECB from its inception in June 1998 until the present day.

Staff Guidance Note on Macroprudential Policy
Staff Guidance Note on Macroprudential Policy

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2014-06-11

Total Pages: 45

ISBN-13: 1498342620

DOWNLOAD EBOOK

This note provides guidance to facilitate the staff’s advice on macroprudential policy in Fund surveillance. It elaborates on the principles set out in the “Key Aspects of Macroprudential Policy,” taking into account the work of international standard setters as well as the evolving country experience with macroprudential policy. The main note is accompanied by supplements offering Detailed Guidance on Instruments and Considerations for Low Income Countries

Central and Eastern European Economies
Central and Eastern European Economies

Author: Marcus Goncalves

Publisher: Business Expert Press

Published: 2016-07-25

Total Pages: 132

ISBN-13: 1631575538

DOWNLOAD EBOOK

Nearly seven decades ago, six countries in Western Europe (Belgium, France, West Germany, Italy, Luxembourg, and the Netherlands) decided to take economic cooperation to the next level. The vision of the EU founding states, epitomized by the Schuman Declaration in 1950, was to tie their economies so closely together that war would become impossible. Robert Schuman, author of the plan, believed Europe could not be made all at once, or according to a single plan. It would have to be built through concrete achievements which first create a de facto solidarity. The countries within the “European Community” benefited enormously from free trade and common economic policies, in particular structural funds designed to foster convergence by funding infrastructure and investments in poorer regions. This book examines how similar transitions and integration into the European Union are experienced in individual central and eastern European states through the use of country scans in the regional blocks of CEE, SEE, and CIS.

Banking and Monetary Policy in Eastern Europe
Banking and Monetary Policy in Eastern Europe

Author: Adalbert Winkler

Publisher: Springer

Published: 2016-01-26

Total Pages: 235

ISBN-13: 1403907684

DOWNLOAD EBOOK

At the beginning of the transition process, the countries of Central and Eastern Europe faced the task of creating a functioning financial system where none had existed before. A decade later, high-level practitioners and well-known experts take stock of banking and monetary policy in the region, centring on: the governance of banks; the spread of financial crisis; and, perspectives for monetary policy and banking sector development.