Can Exchange Rate Targeting Stabilise Inflation Pressures in Transition Countries? - Case of the Slovak and the Czech Republic
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Abstract
Each monetary strategy with its targeting has its strengths and disadvantages. However, exchange rate targeting can be very useful especially at the beginning of transition process as it helps to stabilise inflation. We try to evaluate effectiveness of exchange rate targeting in the Slovak Republic and in the Czech Republic using statistic methods. Our conclusions can serve as an experience to other countries that are e.g. just at the beginning of their transition process.
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