2000•Unpublished venueOpen access

The Evolution of Monetary Policy in Transition Economies

Ali M. Kutan, Josef C. Brada

Abstract

The last decade of the 20th century brought about many economic and financial changes in the economies of the former communist countries. This article provides an overview of the developments that took place in the areas of financial markets and institutions and monetary policy in three of the most advanced transition economies, namely, the Czech Republic, Hungary, and Poland.

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Key concepts: Economics, Monetary policy, Monetary economics, Transition (genetics), Macroeconomics, Keynesian economics, International economics, Chemistry