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Exchange-Rate Management in Eastern Europe: A Public Choice Perspective

Macey, Jonathan
; 
Colombatto, Enrico
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Faculty Scholarship Series
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Exchange_Rate_Management_in_Eastern_Europe__A_Public_Choice_Perspective.pdf
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Abstract
The paper presents a public-choice analysis of the existing exchange-rate regimes in transition economies, with special reference to Eastern Europe. The links between policy making, rent seeking and exchange-rate regimes are thus examined in detail from a theoretical point of view, and then compared with the existing empirical evidence. Some comments about the role of the West and of international organizations are also put forward.
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http://hdl.handle.net/20.500.13051/668