After hyperinflationary developments in 1993 the inflation rate was controlled and decreased to the level of about 10% in 1997 and 20% in 1998. Inflationary consequences of 1998 crisis were lower that one could expect. It proves the thesis about proper crisis management in Ukraine. Inflationary...

Polen wird am 1. Mai 2004 der Europäischen Union (EU) beitreten. An die Mitgliedschaft in der EU knüpft sich die Erwartung, dass dadurch das Wachstum und somit eine Konvergenz im Lebensstandard gefördert werden. Mit einer Zuwachsrate des realen Bruttoinlandsprodukts von 3,7 % im Jahre 2003...

This paper reviews issues associated with quasi-fiscal operations (QFO) of central banks in a sample of countries in Central and Eastern Europe and the former Soviet Union.The concern is the problem of transparency in fiscal and monetary accounts when the central bank undertakes quasi-fiscal...

This paper reviews issues associated with quasi-fiscal operations (QFO) of central banks in a sample of countries in Central and Eastern Europe and the former Soviet Union. The concern is the problem of transparency in fiscal and monetary accounts when the central bank undertakes quasi-fiscal...

Polen wird am 1. Mai 2004 der Europäischen Union (EU) beitreten. An die Mitgliedschaft in der EU knüpft sich die Erwartung, dass dadurch das Wachstum und somit eine Konvergenz im Lebensstandard gefördert werden. Mit einer Zuwachsrate des realen Bruttoinlandsprodukts von 3,7 % im Jahre 2003...

The series of currency crises which hit several developing countries in the 1990s did not leave the emerging market economies of Central and Eastern Europe unscathed. However, contrary to the experience of Mexico in 1995 and South East Asia in 1997-1998, the roots of the crises in our region...