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Trade and Payments in Eastern European Economic Reform

Author

Listed:
  • Sven W. Arndt

    (Lowe Institute of Political Economy, Claremont McKenna College)

Abstract

What is the appropriate exchange rate regime for the emerging economies of Eastern Europe? Would a given regime suit all of them equally? Is there a regime that is as appropriate for the transition as for the long run? What are the relative merits of fixed and flexible rates in this context and what, if any, is the role of capital controls?

Suggested Citation

  • Sven W. Arndt, 1999. "Trade and Payments in Eastern European Economic Reform," Working Papers 9901, Lowe Institute of Political Economy.
    • Handle: RePEc:loi:wpaper:9901
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    File URL: http://lowe.claremontmckenna.edu/pdf/WP99-01.pdf
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    More about this item

    Keywords

    real exchange rates; non-tradeables; current account;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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