Equilibrium Exchange Rates in Transition Economies

Macroeconomic Fragility and Exchange Rate Vulnerability

rates were highly undervalued in relation to equilibrium exchange rates for most of the economies ... Equilibrium Real Exchange Rate in Transition Economies.” IMF ...

Equilibrium Exchange Rates - National Bureau of Economic Research

trends in equilibrium rates complicate the problem of guessing at the right rates during a transition to greater exchange rate stability. The third part ...

The Real Exchange Rate in Transition Economies

Labor market equilibrium (6) requires that wages also grow in the state sector. For this reason, productivity must also rise in the state sector and this.

Exchange Rates in Emerging Economies: What do We Know? What ...

exchange rate regimes following the countries' official description of their exchange rate ... Wyplosz, "Equilibrium Exchange Rates in Transition Economies,”. IMF ...

Real Equilibrium Exchange Rate in Colombia: Thousands of VEC ...

Towards the estimation of equilibrium exchange rates for transition economies: Methodological issues and a panel cointegration perspective. Journal of ...

Methodological advances in the assessment of equilibrium ...

(2005 and 2006) focus on the potential pitfalls in estimating equilibrium exchange rates in transition economies. Finally, several papers can be related to the ...

The equilibrium exchange rates of European currencies and the ...

For each country, the equilibrium exchange rate was calculated from a simplified model of external trade which, in its reduced form, allows one ...

The Concepts of Equilibrium Exchange Rate: A Survey of Literature

The currency of a domestic economy (usually a developing economy or a transition economy), with a smaller rate of productivity gap than that of the foreign ...

THE IMPACT OF EXCHANGE RATE REGIMES

For the transition economies, the use of commercial policies to ameliorate balance of payments policies is attractive on a number of grounds: it answers ...

Economic Paper 144. Estimation of real equilibrium exchange rates

The exchange rate will be in long-term equilibrium when the economy is in external equilibrium. This means that net foreign assets have stabilised relative to ...

The determinants of real exchange rates in transition economies

Trade openness and government balance were also found to be relevant to explaining RER movements in accession countries. Another paper that focuses on the ...

Sources of Real Exchange Rate Fluctuations in Transition Economies

Initially, Hungary followed a gradualist macroeconomic policy as the author- ities sought to balance the desire for reducing inflation with the need to control.

EQUILIBRIUM EXCHANGE RATE IN THE CZECH REPUBLIC

Source: WIIW, Countries in Transition 2004. Authors' estimations for 2004 and 2005. Note: The real exchange rate is calculated as EP*/P, where P* and P denote ...

Exchange Rates and Economic Fundamentals: A Methodological ...

The analysis of exchange rate behavior has been a perennial topic in international monetary economics. One strand of this literature relates to the ...

real exchange rates in small open oecd - ifo Institut

As witnessed in the income balance of a number of transition economies, payments of interest, profits and dividends have gained in importance in recent years, ...

EQUILIBRIUM EXCHANGE RATES AND SUPPLY-SIDE ...

PPP states that tlie real exchange rate should he constant in the long run as goods markft arbitrage equalises prices across countries. Many ol' tbe most widely ...

SOURCES OF REAL EXCHANGE RATE FLUCTUATIONS IN ...

Second, in their analysis of equilibrium real exchange rates in transition economies, Halpern and Wyplosz (1997) argue that equilibrium real exchange rates.

The political economy of exchange rate regimes in transition ...

The political balance between winners and losers has been an important determinant of the speed, depth, and sustainability of reforms. Here we ...

Concepts of equilibrium exchange rates - Bank of England

... transition path generated by past ... However, most theories of equilibrium exchange rates refer to real effective (whole economy) measures of the exchange.

Transition economy convergence in a two-country model

Explaining (and forecasting) the observed trend equilibrium development in real exchange rate in many transition economies is of crucial relevance for.