POST-CRISIS EXCHANGE RATE ARRANGEMENTS IN EUROPE
This paper make a comparative analyze of the exchange rate arrangements in Europe (48 countries) before and after the global financial crisis. The main conclusion is that a number of countries abandoned their previously exchange rate regimes: Albania, Iceland and Switzerland (from free floating to managed floating); Hungary (from pegged exchange rate within fluctuation bands to euro to managed floating); Czech Republic (from managed floating to free floating); Croatia (from managed floating) and Macedonia (from conventional peg to euro) to a stabilized arrangement, with euro as reference currency; Azerbaijan (from crawling peg to a stabilized arrangement, with a composite anchor).
Year of publication: |
2012
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Authors: | Ramona, ORASTEAN ; Silvia, MARGINEAN |
Published in: |
Revista Economica. - Facultatea de Ştiinţe Economice. - Vol. Supplement.2012, 4, p. 492-498
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Publisher: |
Facultatea de Ştiinţe Economice |
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