In this paper the evolution and experiences of exchange rate strategies in Austria and Finland are analyzed. Following Finland's change of emphasis in the 1980's, both countries now use the exchange rate to achieve low inflation. Experience shows that achieving credibility takes time and is not...

We compare and contrast the economic growth performance of Estonia and Georgia since the collapse of the Soviet Union in 1991 in an attempt to understand better the extent to which the growth differential between the two countries can be traced to increased efficiency in the use of capital and...