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We argue that monetary policies in euro-candidate countries should also aim at mitigating excessive instability of the key target and instrument variables of monetary policy during turbulent market periods. Our empirical tests show a significant degree of leptokurtosis, thus prevalence of...
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, based on a panel of four biggest Central European countries (the Czech Republic, Hungary, Poland and Slovakia) confirm …
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This paper analyzes political pressure on the National Bank of Slovakia, using the Havrilesky (1993) methodology based … on media signalling. This methodology allows the pressure on the Central Bank of Slovakia to be compared with the … in Slovakia and prevailance of financial sector representatives as the main commentaries on monetary policy of the …
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