Exchange Rate and Monetary Policy in Slovak Economy

被引：0

作者：

Zlatica, Ivanicova ^{[1
]}

Michaela, Chocholata ^{[1
]}

机构：

[1] Univ Econ, Fac Econ Informat, Dept Operat Res & Econometr, Bratislava, Slovakia

来源：

PROCEEDINGS OF THE 23RD INTERNATIONAL CONFERENCE ON MATHEMATICAL METHODS IN ECONOMICS 2005 | 2005年

关键词：

Mundell-Fleming model; exchange rate; foreign exchange reserves; BRIBOR; EURIBOR; balance of payments; current account; base money;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

During the last four years the Slovak crown has surprisingly appreciated against the Euro (11,8%). On the basis of analytical approaches like the international parities conditions it is possible to say, that these conditions don't hold. The current inflow of the capital to the Slovak economy influences strongly the balance of payments and the Slovak currency is being appreciated. Exchange rate policy of the National bank of Slovakia through interventions influences the development of the Slovak crown only for a very short period. Our presentation is focused on the analysis of the exchange rate market using the idea of the Mundell-Fleming model which was modified for the Slovak economy for the years 1999-2004.

引用

页码：171 / 174

页数：4