In this paper, we present an overview of a number of issues relating to the equilibrium
exchange rates of transition economies of the former soviet bloc. In particular, we present a …

The thirteenth edition of this market-leading textbook provides an authoritative and concise
analysis of the theories and policies relating to monetary union in which the author helps …

The ambition of this paper is to provide a thorough overview of equilibrium exchange rates
in the acceding countries of Central and Eastern Europe. Therefore, theoretical models of …

Inflation divergence Inflation rates have diverged much more widely than expected among
the member states of the EMU. We show that much of this is attributable to the differential …

This paper studies the Balassa–Samuelson effect in nine Central and East European
countries. Using panel cointegration techniques, we find that the productivity growth …

We build a stylised 12-country model of the euro area and use it to analyse how differences
in national inflation and growth rates arise within the European Economic and Monetary …

This paper aims to explain differences in inflation between six central European economies–
Croatia, the Czech Republic, Hungary, Poland, Slovakia and Slovenia–and the euro area in …

The third title in the MECB series begins with a review of the main events of the year and
how the ECB has dealt with them. The authors focus mainly on eurozone inflation and the …

One monetary policy in EMU Countries, regions, channels I discuss possible problems
engendered by loss of national monetary policies, and study them from three empirical …

Das Themengebiet „Geld, Kredit und Banken “unterliegt beachtlichen zeitlichen
Wandlungen. Gerade die jüngsten Finanzkrisen und die jeweiligen wirtschaftspolitischen …