02125cas a2200277 a 4500 AALejournalIMF017256 230101c9999 xx r poo 0 0eng d 20.00 USD 9781475556629 2616-5333 BD-DhAAL BD-DhAAL Belhocine, Nazim. Taking Stock of Monetary and Exchange Rate Regimes in Emerging Europe / Nazim Belhocine, Ernesto Crivelli, Nan Geng, Tiberiu Scutaru. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (52 pages) Departmental Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The demands on monetary and exchange rate regimes in CESEE have evolved, in line with the region's development. In the 1990s, the immediate challenge was to rein in excessive inflation following transition, and to establish basic monetary order. These objectives have been achieved, owing largely to successful exchange rate-based stabilization. With this accomplished, the focus has shifted to cyclical monetary management, and to appropriately managing monetary conditions during CESEE's growth and income convergence to the euro area. Flexible exchange rates-and the ensuing capacity of monetary conditions to adapt to the economies' needs-are likely to remain advantages, especially to extent that CESEE's GDP and income levels will resume convergence to the euro area. Once this process restarts, tighter monetary conditions will again be needed to limit goods and asset price inflation, and to contain growth imbalances. Mode of access: Internet Crivelli, Ernesto. Geng, Nan. Scutaru, Tiberiu. Departmental Papers; Departmental Paper ; No. 2016/012 Full text available on IMF http://elibrary.imf.org/view/journals/087/2016/012/087.2016.issue-012-en.xml IMF e-Library