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.
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Energy Price Liberalisation in a Transition Economy, the Case of East Germany
Martin Weisheimer, Ilka Lewington
Externe Publikationen,
1995
Abstract
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Alternative Fiscal Policies during Transition
Kazimierz Laski, Hubert Gabrisch
Externe Publikationen,
1994
Abstract
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Was taugt Prognose in der regionalen Planung? – Bericht über die Tagung „Societies in Transition“
Martin T. W. Rosenfeld
Uni HH, Berichte und Meinungen aus der Universität Hamburg, Jg. 17, Nr. 5,
1986
Abstract
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Place-based Industrial Policies and Credit Markets: Evidence from the Former East and West Germany
Aleksandr Kazakov, Michael Koetter
EBRD Transition Report,
2024
Abstract
The Transition Report 2024-25 focuses on industrial policies in the EBRD regions and beyond. Such policies have seen a resurgence, seeking to address market failures such as environmental degradation. However, their track record is mixed. Their growing popularity is shaped primarily by domestic political economy considerations and rising geopolitical tensions. While industrial policies are typically employed by higher-income economies, they are also now used more frequently in economies with less administrative and fiscal capacity to implement them.
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