Author: Clemens GrafePublisher:
ISBN: 9780753012222
Category : Economics
Languages : en
Pages : 34
Book Description
The Real Exchange Rate in Transition Economies
Author: Clemens GrafePublisher:
ISBN: 9780753012222
Category : Economics
Languages : en
Pages : 34
Book Description
Equilibrium Exchange Rates in Transition Economies
Author: Lionel HalpernPublisher: International Monetary Fund
ISBN: 145185479X
Category : Business & Economics
Languages : en
Pages : 40
Book Description
A stylized fact of the transition process is an early profound exchange rate depreciation followed by continuing real appreciation. Absent historical reference points, it is difficult to judge whether the real appreciation is threatening competitiveness. This paper interprets the stylized facts and offers estimates of the equilibrium real exchange rate based on an international comparison of dollar wages and on a study of the dynamics of real exchange rates in several transition economies. The results suggest that the process of real appreciation is a combination of a return to equilibrium following the early overshooting and equilibrium appreciation.
Balance of Payments, Exchange Rates, and Competitiveness in Transition Economies
Author: Mario I. BlejerPublisher: Springer Science & Business Media
ISBN: 0585313466
Category : Business & Economics
Languages : en
Pages : 501
Book Description
Integrating transition economies into the global commercial and trade market system is a prolonged and risky process. This book is a collection of studies dealing with the different issues related to the liberalization of external relations in economies moving from a socialist to a market-based system The focus is on external sector developments, and the topics deal with balance of payments conditions, exchange rate policies and regimes, international competitiveness, international capital flows, trade, and other matters related to the integration of transition economies into the world economy. An understanding of the principles involved and of the experiences of both transition and advanced economies during this process is crucial to ensure its ultimate success. Written by internationally recognized scholars, the chapters cover these issues in a systematic manner. The first section treats current account developments, capital flows, and exchange rate policies in transition countries, the second section deals with specific issues related to international trade, and the final section consists of six specific country experiences. In this final section, a chapter dealing with the Russian Federation discusses the collapse of the ruble in August 1998.
Interpreting Real Exchange Rate Movements in Transition Countries
Author: Mark de BroeckPublisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 40
Book Description
REAL EXCHANGE RATES IN TRANSITION ECONOMIES
Author: BOSIJAN JAZBECReal Exchange Rate Dynamics in Transition Economies
Author: Fabrizio CoricelliPublisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 52
Book Description
Equilibrium Exchange Rates in Transition Economies
Author: Balázs ÉgertPublisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 68
Book Description
Exchange Rate Policies, Prices and Supply-side Response
Author: Christos PapazoglouPublisher: Springer
ISBN: 0230554539
Category : Business & Economics
Languages : en
Pages : 210
Book Description
This book, based upon a large-scale research project, examines alternative types of exchange rate policies being pursued and the changing nature of exchange rate policy during the transition process in four countries, Slovenia, Bulgaria, Poland and the Czech Republic. The book brings together a series of original contributions by country experts and draws out some common themes and over-arching policy implications for the operation of exchange rate policy in the transition process.
Exchange Rate Regimes in Selected Advanced Transition Economies
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 1451974116
Category : Business & Economics
Languages : en
Pages : 26
Book Description
Since beginning economic transition, the Czech Republic, Estonia, Hungary, Poland, and Slovenia have—with much success—employed diverse exchange rate regimes. As these countries approach EU accession, they will need to avoid the perils of too much or too little exchange rate variability when capital flows are likely to be large and volatile; narrow band arrangements in particular could be problematic. The exception is Estonia, where there are good arguments for retaining the currency board arrangement. Countries wishing to join the euro area at an early stage should not leave the removal of remaining capital controls to the last minute.
Author: Dan Meshulam