MONETARY POLICY IN TRANSITION ECONOMIES: A CASE STUDY FOR CZECH REPUBLIC, HUNGARY AND POLAND
Keywords:
Monetary policy, inflation, transition economies, convergence, stabilisation, liberalisation, sustainable growth.Abstract
In the past two decades there was an apparent effort of a number of East and Central European countries to stabilize their economies toward establishing a market economy and achieve sustainable economic growth. This paper is aimed to review and analyze the monetary policy and its effects on sustainable growth. In particular, it will examine the implementation of the monetary policy in three transition economies, namely Czech Republic, Hungary and Poland and its effects focusing on sustainable growth.
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