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dc.contributor.authorOrlowski, Lucjan T.en_US
dc.date.accessioned2010-09-01T09:47:30Z-
dc.date.available2010-09-01T09:47:30Z-
dc.date.issued2001en_US
dc.identifier.urihttp://hdl.handle.net/10419/39534-
dc.description.abstractA flexible approach to direct inflation targeting is a viable monetary policy choice for transition economies that is believed to facilitate both the economic transition and the monetary convergence to the euro. Following this assumption, an analytical model investigating the link between the inflation process and monetary variables in transition economies is advanced in this study. The empirical testing is conducted for Poland, the Czech Republic and Hungary. The analysis recommends that the monetary convergence begins with inflation targeting and concludes with a full-fledged euroization. It further advocates the application of flexible benchmarks of monetary convergence that would accommodate various non-monetary factors affecting inflation in transition economies.-
dc.language.isoengen_US
dc.publisherZEI Bonnen_US
dc.relation.ispartofseriesZEI working paper B 25-2001en_US
dc.subject.jelE32-
dc.subject.jelE52-
dc.subject.jelP33-
dc.subject.ddc330en_US
dc.subject.stwGeldpolitiken_US
dc.subject.stwInternationale wirtschaftspolitische Koordinationen_US
dc.subject.stwEU-Erweiterungen_US
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen_US
dc.subject.stwInflatioen_US
dc.titleMonetary convergence of the EU candidates to the Euro: A theoretical framework and policy implicationsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn338028587en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zeiwps:B252001-
Appears in Collections:ZEI Working Papers, Zentrum für Europäische Integrationsforschung, Universität Bonn

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