In this paper, the authors examine monetary policy in 26 transition economies in Central and Eastern Europe (CEE) and the Former Soviet Union (FSU) between 1989-1994. They provide a schema for classifying the use of 6 important monetary policy instruments, both direct and indirect, and suggest criteria for defining market-oriented use of these instruments. They assess the extent of market-oriented instruments use during the period under review and...
更多显示
详细
-
1997/01/31
-
政策研究报告
-
WPS1706
-
1
-
1
-
2010/07/01
-
Monetary policy during transition : an overview
-
fixed exchange rate regime