Hagen, Jürgen von; Zhou, Jizhong - In: The Economics of Transition 13 (2005) 4, pp. 679-703
We analyze the choice of exchange rate regimes of the 25 transition economies in Europe and the CIS after 1990. The empirical results show that the traditional Optimum Currency Area considerations provide relevant guidance for the regime choices in these countries. Moreover, regime choices are...