The stable macroeconomic environment, as one of the primary objectives of the Visegrad countries in the 1990s, was partially supported by the exchange rate policy. Fixed exchange rate systems within gradually widen bands (Czech Republic, Slovak Republic) and crawling peg system (Hungary, Poland)...

The realization of the goal of price stability, the central bank, according to the accepted consensus before the crisis, should have complete independence in decision making. The possibility of full independence of the central bank has raised many controversies. The main argument of complete...

Front Cover -- Economic Imbalances and Institutional Changes to the Euro and the European Union -- Copyright Page -- Contents -- List of Contributors -- Economic Imbalances and Institutional Changes to the Euro and the European Union -- Introduction -- Part I: Institutional and Political Issues...

This book offers a criticalperspective from which to observe evolution of the Euro Area and the European Union in these times of growing economic and political conflict. Key implications of design failures in the Euro Area (i.e. incorrect diagnostics ofthe public finance crisis, single monetary...

Fiscal and Monetary Policy in the Eurozoneoffers systematic analyses of the economic policy framework of the Eurozone and critiques current ideas about how to move forward, making it essential reading for postgraduate students of economics and of keen interest to researchers, policymakers,...

The role of money and monetary policy of the central bank in pursuing macroeconomic stability has significantly changed over the period since the end of World War II. Globalization, liberalization, integration, and transition processes generally shaped the crucial milestones of the macroeconomic...