A Model of Exchange Rate Regime Choice in the Transitional Economies of Central and Eastern Europe »
Series: IMF Working Papers
Author(s): Vladimir Klyuev
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2001
Keywords: Transition, exchange rate, exchange rate regime, exchange rate regimes, Open Economy Macroeconomics, Slovakia, Macedonia, The Former Yugoslav Republic of,
The paper develops a model of exchange rate regime choice centered on the trade-off between internal price stability and external competitiveness and allowing for institutional costs of altering exchange rate arran...