Monetary Policy in Central Europe

By Miroslav Beblavý

© 2007 – Routledge

256 pages | 19 B/W Illus.

Purchasing Options:
Paperback: 9781138806863
pub: 2014-06-22
US Dollars$54.95
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Hardback: 9780415404129
pub: 2007-02-07
US Dollars$160.00
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About the Book

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.

Taking an innovative approach, this text focuses on a range of areas where few articles or books have been published and where very little empirical research has been undertaken, covers the topics of monetary policy frameworks, institutions inflation in transition and developing economies. As well as these border themes it analyzes specific factors that have significant influence on the conduct or outcomes of monetary policy including:

  • the transmission mechanism of monetary policy in Central Europe
  • use of principal types of constraints on policy discretion, such as central bank independence, exchange rate commitments and domestic targets for monetary policy.

This book is a valuable resource for postgraduate students and research working or studying in the areas of development economics, public finance and banking.

Table of Contents

1. Introduction 2. Review of Macroeconomic Developments in Individual Countries 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 7. Conclusion

About the Series

Routledge International Studies in Money and Banking

This series explores the roles of money and banking in the modern world. Banking is an increasingly important and international industry, and its interaction with money is a major concern for the world's economic policy-makers.

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Subject Categories

BISAC Subject Codes/Headings:
BUS004000
BUSINESS & ECONOMICS / Banks & Banking
BUS020000
BUSINESS & ECONOMICS / Development / Business Development
BUS027000
BUSINESS & ECONOMICS / Finance