“…In certain periods the monthly volatility of reserves exceeded that of nominal exchange rates (e.g. Poland for the period 1999-2002) being more than twice that of the exchange rate in Russia and Ukraine for the period 1999-2002 (see Keller and Richardson, 2003).…”
Section: Exchange Rate Policies In the Selected Economiesmentioning
“…In certain periods the monthly volatility of reserves exceeded that of nominal exchange rates (e.g. Poland for the period 1999-2002) being more than twice that of the exchange rate in Russia and Ukraine for the period 1999-2002 (see Keller and Richardson, 2003).…”
Section: Exchange Rate Policies In the Selected Economiesmentioning
“…Jbili and Kramarenko (2003) explore the advantages of moving from fixed to flexible exchange rate regimes. A recent study by Keller and Richardson (2003) examines the increasing importance of monetary policy in the choice of exchange rate regimes in CIS countries.…”
Section: Monetary Exchange Policy and Financial Market Issuesmentioning
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