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30 years of monetary and exchange rate regimes in Central and Eastern Europe: what has changed, and what is next?

In: 30 Years of Transition in Europe

Author

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  • Johannes Wiegand

Abstract

30 years after the onset of transition in Central and Eastern Europe (CEE), almost any monetary and exchange rate regime (MERR) can be found in the region: from flexible exchange rates and inflation targeting over different types of managed exchange rates to euro area membership and unilateral adoption of the euro. This short article reviews (i) why MERRs are so different from one another, (ii) whether this diversity is a good outcome, and (iii) how regimes are likely to evolve going forward - especially as regards the prospects, plusses and minuses for CEE countries to adopt the euro.

Suggested Citation

  • Johannes Wiegand, 2020. "30 years of monetary and exchange rate regimes in Central and Eastern Europe: what has changed, and what is next?," Chapters, in: Robert Holzmann & Doris Ritzberger-Grünwald & Helene Schuberth (ed.), 30 Years of Transition in Europe, chapter 13, pages 160-171, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19895_13
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