Choice of optimal exchange rate system For the Republic of Croatia

Other literature type Croatian OPEN
Koški, Dražen;
(2008)
  • Publisher: Economic Journal
  • Journal: Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, volume XXI, issue 1-2 (issn: 0353-359X, eissn: 1847-2206)
  • Publisher copyright policies & self-archiving
  • Subject: fiksni devizni tečaj; fluktuirajući devizni tečaj; sustav deviznoga tečaja; trilema monetarne politike (nemoguće trojstvo); Maastrichtski kriteriji | fixed exchange rate; floating exchange rate; exchange rate system; monetary policy trilemma (impossible trinity); Maastricht criteria

The aim of research whose results are presented in this article was to choose the optimal system of exchange rate for the Republic of Croatia, of course before its accession to EU. The analyzed exchange rate systems here range from free-floating exchange rate to system ... View more
  • References (37)
    37 references, page 1 of 4

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    11 Vidjeti o tome u: Ho, C.: “A survey of institutional and operational aspects of modern-day currency boards”, ibid., str. 13.-15.

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    19 O Mundell-Flemingovu modelu vidjeti primjerice u: Babić, M.: “Makroekonomija”, 15. izmij. i dop. izd., MATE, 2007., str. 484.-488.

    20 Obstfeld, M.; Shambaugh, J. C.; Taylor, A. M.: “The Trilemma in History: Tradeofs Among Exchange Rates, Monetary Policies, and Capital Mobility”, Review of Economics and Statistics, Vol. 87, No. 3, The MIT Press, Cambridge, 2005.

    21 Frankel, J. A.: “No Single Currency Regime is Right for All Countries or at All Times”, Working Paper No. 7338, NBER, Cambridge, 1999., str. 7.

    22 Henderson, C.: “Currency Strategy: The Practicioner's Guide to Currency Investing, Hedging and Forecasting”, John Wiley and Sons, Chichester, 2002., str. 31.

    23 Krugman, P., Obstfeld, M.: “International Economics: Theory and Policy”, 5th edition, Addison-Wesley, Boston, 2000., str. 713.

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