Trade and Payments in Eastern European Economic Reform

Arndt, Sven W.

Trade and Payments in Eastern European Economic Reform

EXCHANGE-RATE POLICIES FOR EMERGIN MARKET ECONOMIES, R.J. Sweeney, C. Wihlborg, T.W. Willett, eds., Westview Press, 1999

11 Pages Posted: 17 May 2006

See all articles by Sven W. Arndt

Sven W. Arndt

Claremont McKenna College - Robert Day School of Economics and Finance

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?

Keywords: real exchange rates, non-tradeables, current account

JEL Classification: F31, F32, F41

Suggested Citation: Suggested Citation

Arndt, Sven W., Trade and Payments in Eastern European Economic Reform. EXCHANGE-RATE POLICIES FOR EMERGIN MARKET ECONOMIES, R.J. Sweeney, C. Wihlborg, T.W. Willett, eds., Westview Press, 1999, Available at SSRN: https://ssrn.com/abstract=902723