Looks at the relationship between exchange-rate and monetary policies in transition economies (TEs) in central Europe bent on becoming part of the European Union. Review of practiced targets of monetary policy in response to the requirements of monetary union; Question of whether or not candidates will resort to a final currency devaluation; Suggestions for adjustments in short- and long-term monetary policy.
Orlowski, L. T. (1998). Exchange-rate policies in central Europe and monetary union. Comparative Economic Studies, 40(3), 58-78.