Possibilities and limitations of intra-regional exchange rate policy in Southern Africa
Tobias Knedlik
Monitoring Regional Integration in Southern Africa Yearbook, Vol. 2,
2002
Abstract
Artikel Lesen
Are the Central and Eastern European Transition Countries still vulnerable to an Financial Crisis? Results from the Signals Approach
Axel Brüggemann, Thomas Linne
IWH Discussion Papers,
Nr. 157,
2002
Abstract
The aim of the paper is to analyse the vulnerability of the Central and Eastern European accession countries to the EU as well as that of Turkey and Russia to a financial crisis. Our methodology is an extension of the signals approach. We develop a composite indicator to measure the evolution of the risk potential in each country. Our findings show that crises in Central and Eastern Europe are caused by much the usual suspects as in others emerging markets. In particular an overvalued exchange rate, weak exports and dwindling currency reserves have good predictive power for assessing crisis vulnerabilities.
Artikel Lesen
Financial fragility and exchange rate arrangements of EU candidate countries
Hubert Gabrisch
IWH Discussion Papers,
Nr. 156,
2002
Abstract
Artikel Lesen
Financial crisis and problems yet to solve - conference proceedings
IWH-Sonderhefte,
Nr. 6,
2000
Abstract
Since the beginning of 1997, a currency and/or banking crisis broke out in several transition countries (Bulgaria, Romania, the Czech Republic, Russia, Ukraine). In 1995, Hungary avoided a financial crisis by adjusting properly her macroeconomic policies. Financial markets in transition countries are still small. They gain, however, more and more importance for the entire economy. Part of the countries mentioned are candidates for EU membership. They have to show their ability to stabilize their exchange rates and financial sectors. The fact that overcoming the financial crisis in Asia and Latin America required international assistance (e.g. IMF) underlines the political importance of strategies of preventing such crises in the EU's immediate neighborhood.
Artikel Lesen
Optimal Monetary and Fiscal Policies for Slovenia under Flexible and Fixed Exchange Rates
Klaus Weyerstraß
Externe Publikationen,
2000
Abstract
Artikel Lesen
Exchange Rate Policy, Fiscal Austerity and Integration Prospects: The Hungarian Case
Johannes Stephan, Jens Hölscher
EU Enlargement and its Macroeconomic Effects in Eastern Europe,
1999
Abstract
Artikel Lesen
Exchange Rate Policies in Central Europe in response to the EMU
Lucjan T. Orlowski
IWH Discussion Papers,
Nr. 75,
1998
Abstract
Artikel Lesen
The Role of Real Exchange Rates in the Central European Transformation
Lucjan T. Orlowski
Forschungsreihe,
Nr. 1,
1998
Abstract
The study eamines the interactions between real exchange rates, current accounts and capital account balances in Poland, Hungary and the Czech Republic. The empirical investigation leads to a strong endorsement of more flexible exchange rates in the present stage of the economic transformation process of the former socialist countries in Central and Eastern Europe. Exchange rate flexibility allows more independent monetary policies that focus on financing structural adjustments and institutional changes in transition economies. However, the integration process with the European Union and more remote considerations of possible accession to the European Monetary Union will require a gradual move to fixed exchange rates and to an exchangerate-based monetary policy.
Artikel Lesen
