03790oam 22009374 450 991015520240332120250426110734.09781475557893147555789297814755579231475557922(CKB)3710000000973901(BIP)077138670(IMF)TSMERREEEATSMERREEEA(EXLCZ)99371000000097390120020129d2016 uf 0engtxtrdacontentcrdamediacrrdacarrierTaking Stock of Monetary and Exchange Rate Regimes in Emerging Europe /Nazim Belhocine, Ernesto Crivelli, Nan Geng, Tiberiu Scutaru, Johannes Wiegand, Zaijin ZhanWashington, D.C. :International Monetary Fund,2016.1 online resource (52 p.) Departmental Papers9781475556629 1475556624 The demands on monetary and exchange rate regimes in CESEE have evolved, in line with the region’s development. In the 1990s, the immediate challenge was to rein in excessive inflation following transition, and to establish basic monetary order. These objectives have been achieved, owing largely to successful exchange rate–based stabilization. With this accomplished, the focus has shifted to cyclical monetary management, and to appropriately managing monetary conditions during CESEE’s growth and income convergence to the euro area. Flexible exchange rates—and the ensuing capacity of monetary conditions to adapt to the economies’ needs—are likely to remain advantages, especially to extent that CESEE’s GDP and income levels will resume convergence to the euro area. Once this process restarts, tighter monetary conditions will again be needed to limit goods and asset price inflation, and to contain growth imbalances.Departmental Papers; Departmental Paper ;No. 2016/012Conventional pegimfCurrenciesimfCurrencyimfDeflationimfExchange rate arrangementsimfExchange rate flexibilityimfForeign ExchangeimfForeign exchangeimfGovernment and the Monetary SystemimfInflationimfMacroeconomicsimfMonetary economicsimfMonetary SystemsimfMoney and Monetary PolicyimfMoneyimfPayment SystemsimfPrice LevelimfPricesimfRegimesimfStandardsimfAlbaniaimfConventional pegCurrenciesCurrencyDeflationExchange rate arrangementsExchange rate flexibilityForeign ExchangeForeign exchangeGovernment and the Monetary SystemInflationMacroeconomicsMonetary economicsMonetary SystemsMoney and Monetary PolicyMoneyPayment SystemsPrice LevelPricesRegimesStandardsBelhocine Nazim1087661Crivelli Ernesto1606357Geng Nan1770532Scutaru Tiberiu1770533Wiegand Johannes820400Zhan Zaijin1599358DcWaIMFBOOK9910155202403321Taking Stock of Monetary and Exchange Rate Regimes in Emerging Europe4252489UNINA