We argue that the choice of exchange rate regime in the process of accession to the European Union and EMU can affect the growth rate of the economy in the medium term. Empirical analysis is employed. We discuss the effects of exchange rate choice, and of the timing of transition to EMU on the...

Are there indications of the real exchange rate misalignment in the case of five pre-accession countries? Will in these countries stable real exchange rates, required by the two of Maastrich criteria, be in line with economic fundamentals in the pre-EMU period? In order to analyse these...

FDI has become a importance source of external finance for several transitional economies, in particular those in Central Europe.The paper analyses determinants of FDI in Central Europe by providing econometric analysis. We examine the flows of FDI into the Czech and Slovak Federal Republics...

Are there indications of real exchange rate misalignment in the case of the five pre-accession countries? Will stable real exchange rates, required by two of the Maastricht criteria, be in line with economic fundamentals in the pre-EMU period in these countries? In order to address these...