Posted inRegions, Southeastern Europe

Floating Through Stabilization

Yugoslavia’s managed float offers the discipline of a currency board while allowing central bank flexibilityby Bosko Zivkovic BELGRADE, Yugoslavia–The search for an appropriate monetary policy model and exchange-rate regime has been the subject of intense debate in Yugoslavia over the past few years. During 1999 and 2000, the debate focused on either pegging the dinar […]