This article investigates the impact of the entry to the European Union (EU) on the dynamic links between the stock market indices of Czech Republic, Hungary, Poland and Slovakia vs. those of the euro-zone by utilizing the international version of the feedback-trading model. Prior to entry,...

This paper identifies the key policy instruments to be monitored in order to avoid output collapse in the short run for developing countries that come under the IMF-supported adjustment programmes. Changes in exchange rate and aggregate domestic credit are the standard instruments in a...