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This book, written by a multinational team of experts, explores the
changing face of central banking in Eastern Europe in the light of
modern macroeconomic thinking, providing important and novel
insights into the design of monetary policy institutions. With its
authoritative content, this book will interest students and
academics involved with money and banking, macroeconomics and
Eastern European studies. Professionals working for financial
institutions will also find plenty that will appeal within these
pages.
The constitutional structure and statutory duties of the central
bank lie at the heart of academic debate about the optimal design
of monetary policy. There is a growing consensus that governments
can achieve lower inflation at a reduced social cost by granting
autonomy to their central banks. Nowhere is the debate more
relevant than in the transition states of eastern Europe, where the
newly established central banks' attempts to stabilise prices have
come into conflict with the social objectives of national
governments. This book, written by a multinational team of
distinguished European academics, explores the changing face of
central banking in eastern Europe in the light of the modern
macroeconomic thinking, providing insights into the design of
monetary policy institutions. The approach is to combine theory
with case studies drawn from Poland, Czech Republic, Romania and
Bulgaria.
This accompanying book to Mankiw and Taylor’s Economics does
three things. First, it reinforces the text and improves the
student’s understanding of the material presented in it. Second,
it provides the reader with experience in using economic theories
and tools to solve actual economic problems, that is it bridges the
gap between economic concepts and economic problem solving.
Finally, the Workbook and Study Guide includes a self-test to
confirm areas of successful learning and to highlight areas needing
improvement. Each chapter in the Workbook and Study Guide
corresponds to a chapter in the main textbook - Mankiw and
Taylor’s Economics.
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