Balance of Payments, Exchange Rates, and Competitiveness in Transition Economies

Abstract

Transition and the Open Economy: An Overview.- Transition and the Open Economy: An Overview.- Exchange-Rate Policies and the Balance of Payments.- Current-Account Sustainability in Transition Economies.- Exchange-Rate Arrangements in the Transition Economies.- Toward Virtual Exchange-Rate Stability in Western and Eastern Europen with the Advent of EMU.- A Model of Real Exchange-Rate Determination in Transition Economies.- Financing the Transition to a Market Economy: External Borrowing in the Baltics and CIS Region.- Capital Flows and Stability of Financial Systems in Emerging Countries.- Transition and International Trade.- Geographic Diversification of Trade in Transition Economies.- The Fiscal Implications of Trade Liberalization in Transition Countries.- What is Special about Endogenous International Trade Policy in Transition Economies?.- Selected Country Experiences.- External Deficit, Exchange Rate, and Competitiveness in Croatia: Is There a Problem?.- Exchange-Rate Policy in the Czech Republic: The Perils of Sticking to Fixed Exchange Rates.- Trade, Trade Policy, and Foreign-Exchange Regimes Under Transition: Russia and the Dutch Disease.- Balance of Payments, Exchange Rates, and Competitiveness: Lessons for Transition Economies from the Israeli Experience.- Balance of Payments, Exchange Rates, and Competitiveness in Hungary.- Current-Account Surplus and Falling Competitiveness in Slovenia.