Introduction
In 1992, the key issues facing Czechoslovakia, as well as some of the other transition economies in Central Europe, was the initiation of economic recovery. Given the degree of openness to the outside world already achieved and the perceived desire to continue this process, any recovery of domestic activity can be made sustainable only if the growth of export potential matches the increase in imports over the mediumterm.
In this context, the paper examines the role of the exchange rate and the choice of exchange rate regime.
Reprint in PDF format 2002.
Uudelleenjulkaistu pdf-muodossa 2002.a