This paper aims to analyse the liquidity sensible environment that has defined the range of monetary policy decisions in the selected Central-East European member states over the last decade, using bond and currency markets as indicators and stock markets as control variables. First, it is...

The exchange market pressure index has proven to be a major indicator in identifying exchange rate crises in economies; however, due to the complexities surrounding developing economies, the efficacy of the index has been called to question. Specifically, the selection of an appropriate index...