256 Pages
19 B/W Illustrations
by
Routledge
224 Pages
19 B/W Illustrations
by
Routledge
In this book Miroslav Beblavý, who has been involved in policy-making at the highest level in his country, offers a detailed study of monetary policy and monetary institutions in the Czech Republic, Hungary, Poland and Slovakia during the 1990s and the early 2000s and a more general look at monetary policy in less developed, but highly open and financially integrated market economies.
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Introduction 1 Monetary policy objectives, frameworks and institutions 2 Review of macroeconomic developments with emphasis on inflation and monetary policy developments 3 Monetary policy transmission mechanism in Central Europe 4 Institutional constraints on policy discretion – central bank independence 5 The role of the exchange rate in monetary policy 6 Domestic targets and their role in monetary policy Conclusion Explaining monetary policy in Central Europe Lessons for the theory of monetary policy in highly open middle-income economies 8 Epilogue: on the road to Eurozone (2002–2006)
Biography
Miroslav Beblavy has a Ph.D. in Economics from the University of St Andrews. Between 2002 and 2006 he was the State Secretary of the Ministry of Labour, Social Affairs and Family of the Slovak Republic.
