Exchange rate regimes and macroeconomic performances in emerging European economies

In this work we contribute to the ongoing debate on impact of choice of exchangen rate regime on macroeconomic performances. We discus impact of exchange rate regime on three indicators of macroeconomic performance - real growth, current account and inflation - with particular focus on stylized facts in selected Emerging European Economies (EEE). Results firmly confirmed our expectation on size and direction of impact, with respect to change of economic circumstances after outbreak of the global crisis in 2008.