Abstract

The study points out the exchange-rate regimes applicable in the seven derogation countries in Central and Eastern Europe, and the link of the regime adopted by them and their macroeconomic performance in the period 2003-2012. A review is presented of the currency regimes in these countries, highlighting the theoretical concepts on the macroeconomic consequences from the choice of a relevant regime. The results of the author's research on the inflation, economic growth, trade and the international competitiveness of the investigated countries are revealed.