Interest Rate Policy in Central and Eastern Europe : The Influence of Monetary Overhangs and Weak Enterprise Discipline »
Series: IMF Working Papers
Author(s): Susan Schadler , and Adam Bennett
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 1992
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 instrumen...