Central Banking, Monetary Policies, and the Implications for Transition Economies (Hardcover, 1999)

I: Introduction. Central Banking and Monetary Policies: Major Issues and Implications for Transition Economies; M.I. Blejer, M. Skreb. II: Central Bank Independence. Central Bank Independence and Monetary Policy; J.A. Frenkel. Central Banking in a Democratic Society: Implications for Transition Countries; F.S. Mishkin. Central Bank Independence and the Political Business Cycle: A Critical Re-examination; A. Drazen. Political Culture and the Political Economy of Central Bank Independence; A. Hillman. III: Defining Central Bank Functions. Central Banking and Economic Development; M.J. Fry. IV: Central Banks and Financial Soundness. Central Banks, Asset Bubbles, and Financial Stability; G.G. Kaufman. The Conduct of Monetary Policy and Banking Soundness: A Slovenian Episode; V. Bole. V: Disinflation and the Role of Nominal Targets. Monetary Policy Strategies for Disinflation: Lessons from Recent Experiences in Transition Economies and Israel; G. Bufman, L. Leiderman. VI: Currency Crises and Capital Controls. Speculative Attacks and Capital Mobility; C. Wyplosz. Nascent Capital Flows, Learning and Chilean-type Controls; M. Selowski, R. Martin. The Role of the Central Banks in the Capital Account Liberalization: Case of Croatia; V. Sonje. VII: Currency Boards. Some Reflections about Currency Boards; S.H. Hanke. The Central Bank of Bosnia and Herzegovina: Its History and its Issues; W. Coats. VIII: EMU and Transition Economies. The International Impact of the Euroland and its Implications for Transition Countries; R.A. Mundell. Monetary and Exchange Rate Policy of Transition Economies of Central and Eastern Europe after the Launch of EMU; P.A. Masson.