Evolution of Monetary Policy in Transition Economies (ICPSR 1219)

Version Date: Aug 28, 2000

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Principal Investigator(s):
Ali Kutan, Federal Reserve Bank of St. Louis; Josef Brada, Federal Reserve Bank of St. Louis

https://doi.org/10.3886/ICPSR01219.v1

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Summary

The last decade of the 20th century brought about many economic and financial changes in the economies of former communist countries. This article provides an overview of the developments that took place in financial markets, institutions, and monetary policies of three of the most advanced transition economies: the Czech Republic, Hungary, and Poland. After examining the evolution of monetary policy in each country, the authors highlight the problems that monetary authorities have faced in these countries and describe the current approach to managing inflation. The authors state that although monetary policy has made a significant contribution to stabilization, the relative newness and fragility of these countries' markets and institutions remains a concern because of the heavy burden placed on monetary authorities in the battle to reduce inflation. They caution that it will be important to continue to strengthen the capital market in these countries and to provide more active fiscal policy support for monetary policy.

Citation

Kutan, Ali, and Brada, Josef. Evolution of Monetary Policy in Transition Economies. Inter-university Consortium for Political and Social Research [distributor], 2000-08-28. https://doi.org/10.3886/ICPSR01219.v1

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Distributor(s)

Inter-university Consortium for Political and Social Research
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Data Collection Notes

  1. (1) The file submitted is 0003ak.xls, a data file. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigators if further information is desired.

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Original Release Date

2000-08-28

Version History

2018-02-15 The citation of this study may have changed due to the new version control system that has been implemented. The previous citation was:
  • Kutan, Ali, and Josef Brada. Evolution of Monetary Policy in Transition Economies. ICPSR01219-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2000-08-28. http://doi.org/10.3886/ICPSR01219.v1
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Notes

  • These data are flagged as replication datasets and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

  • The public-use data files in this collection are available for access by the general public. Access does not require affiliation with an ICPSR member institution.