Monetary Policy Challenges - Inflation Targeting Strategy and the Process of Euro Adoption

Monetary Policy Challenges - Inflation Targeting Strategy and the Process of Euro Adoption

This paper is a review of some of the challenges for the monetary authorities in countries whichadopted an inflation targeting strategy, and which are also intending to adopt Euro. Both the increasingmobility of capital flows and the preparations for entering ERM II are constraints for such a moneta...

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Bibliographic Details
Main Authors: Adina Criste, Alina Georgeta Glod, Camelia Milea, Iulia Lupu
Format: Article
Language:English
Published: Danubius University 2009-06-01
Series:EIRP Proceedings
Subjects:
European integration
capital mobility
exchange rate flexibility
ERM II
financial crisis
Online Access:http://www.proceedings.univ-danubius.ro/index.php/eirp/article/view/487/448
Description
Summary:This paper is a review of some of the challenges for the monetary authorities in countries whichadopted an inflation targeting strategy, and which are also intending to adopt Euro. Both the increasingmobility of capital flows and the preparations for entering ERM II are constraints for such a monetarystrategy. Since September 2008, the financial crisis, having burst into the developed countries, has alsoaffected the Central and Eastern Europe countries, and this phenomenon represents another challenge for themonetary authorities.
ISSN:2067-9211

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