Author Description

In His Book, Miroslav Beblavy Analyses Developments In Monetary Policy In The Four Countries Over The Course Of The Transition To Answer The Question: How And Why Have They Been Able, Unlike Many Other Emerging Market Economies, To Overcome The Challenges Posed Not Only By A Unique Transition From State To Market, But Also By Rapidly Globalising Markets For Finance, Goods And Services?--book Jacket. Monetary Policy Objectives, Frameworks And Institutions -- Monetary Policy Objectives And Frameworks -- Central Bank Independence: Literature Review -- Experience With Domestic Targets Of Monetary Policy -- Foreign Exchange Rate Regime And Exchange Rate Targeting -- Review Of Macroeconomic Developments With Emphasis On Inflation And Monetary Policy Developments -- Fragility, Shallowness And Monopolistic Structure Of Financial Markets -- Imbalances And Peculiarities In The Relationship Between The Real Economy And The Financial Sector -- Price Misalignment And Limited Controllability Of Inflation -- Expectations And Pressures Of Future Emu Membership -- Gradual Financial Integration Into The World Economy -- Key Economic And Monetary Developments In The Czech Republic: 1993-2001 -- Key Economic And Monetary Developments In Hungary: 1993-2001 -- Key Economic And Monetary Developments In Poland: 1993-2001 -- Key Economic And Monetary Developments In Slovakia: 1993-2001 --^ Monetary Policy Transmission Mechanism In Central Europe -- Building The Var Models -- Analysis Of Var Results -- Institutional Constraints On Policy Discretion: Central Bank Independence -- Central Bank Independence: What Do Legal Indices Tell Us? -- Legal And Constitutional Factors Affecting Independence Of Central Banks -- Rule Of Law, Personal Independence And Political Role Of Central Banks -- Central Bank Autonomy In Exchange Rate Policy -- The Role Of The Exchange Rate In Monetary Policy -- Framework For Analysis Of Exchange Rate Strategies -- Nominal Exchange Rate -- Real Exchange Rate And Its Role -- Experience Of Individual Countries With Exchange Rate Strategies -- Evaluation Of Central European Exchange Rate Strateiges -- Domestic Targets And Their Role In Monetary Policy -- Monetary Targeting -- Inflation Targeting: Introduction -- Introduction Of Inflation Targeting In Central Europe -- Inflation Targeting: Design And Implementation Issues --^ Evaluation Of Inflation Targets -- Inflation Targeting: Influencing The Behaviour Of The Central Bank -- Conclusion -- Explaining Monetary Policy In Central Europe -- Lessons For The Theory Of Monetary Policy In Highly Open Middle-income-economies -- Epilogue: On The Road To Eurozone (2002-2006) -- Monetary Policy Frameworks Since 2001 -- The Maastricht Criteria On Public Debt And Long-term Interest Rates -- The Maastricht Criteria On Inflation And Exchange-rate Stability -- The Maastricht Criterion On Fiscal Deficit. Miroslav Beblavý. Includes Bibliographical References (p. [211]-228) And Index.