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Analysis of Exchange Rate Regimes under Conditions of Economic Transition
Stejskal, Jan ; Taušer, Josef (advisor) ; Plchová, Božena (referee)
This paper concentrates on the analysis of currency crises in economies undergoing economic transition. The papaer begins with a brief introduction of contemporary exchnage rate regimes, which is followed by an analysis of the history of the World monetary system. The following chapters concentrate on the analysis of the monetary development in selected transitional economies. In case of the the first one, The Czech Republic, the analysis includes the period from the times of the centrally planed economy, through the initial transformation and the currency crisis of 1997 to the present day. In case of the other countries included in this paper, Latvia, Estonia, Lithuania and Icelnad, the analysis concentrates on the current critical development in these economies. Apart from the analysis of the selected currency crises, the objective of this paper is to draw conclusions relevant to the future development of currency policies in the transitional economies.
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