The determinants of real exchange rates in transition economies

Real exchange rates in the transition region have been relatively volatile over the past two decades, with major variation across countries and over time. In ...

Real exchange rates in the transition region have been relatively volatile over the past two decades.

The Determinants of Real Exchange Rates in Transition Economies

Real exchange rates in the transition region have been relatively volatile over the past two decades, with major variation across countries ...

The Determinants of Real Exchange Rates in Transition Economies

Real exchange rates in the transition region have been relatively volatile over the past two decades, with major variation across countries and over time.

Real exchange rate determinants in transition economies

The real exchange rate being the most important relative price in international economics plays a critical role in determining the competitiveness, ...

Real Exchange Rates in Transition Economies - IDEAS/RePEc

Empirical findings seem to confirm that transition - when looking only at the real exchange rate behavior - is over once the progress in structural reforms does ...

Equilibrium Exchange Rates in Transition Economies - IMF eLibrary

especially as inflation declined. This paper presents estimates of the equilibrium paths of the real exchange rate for countries for which ...

Real Exchange Rates in Transition Economies by Bostjan Jazbec

Along the lines of research on growth prospects in transition economies, the effect of structural changes on the real exchange rate in more ...

Choice of exchange rate regime in transition economies

In addition, economic size and geographical concentration of trade are important determinants of exchange rate regimes. Furthermore, consistent with the ...

NBER WORKING PAPER SERIES REAL AND MONETARY ...

The paper is organized as follows: in Section 2 a dynamic model of real exchange rate determination for a small open economy with a dual nominal exchange rate ...

Sources of real exchange rate fluctuations in transition economies

Finally, nominal shocks can influence real exchange rates in high inflation countries. For example, Desai. (1998) argues that much of the real appreciation was ...

Interpreting Real Exchange Rate Movements in Transition Countries

Transition countries, particularly the EU accession countries that have begun to catch up, can expect to experience further productivity-driven real exchange ...

Determinants of real exchange rate movements in 15 emerging ...

Real effective exchange rates (REER) are considered as indicators for the average price competitiveness of all firms of an economy. Emerging Market Economies ( ...

Real Exchange Rates and Transition Economies | Request PDF

In this paper we find that a long-run relationship exists between the real exchange rate, productivity differentials, real interest rate differentials and the ...

Do Macroeconomic Fundamentals and Political Risk Play a Role?

REAL EXCHANGE RATE DETERMINANTS IN TRANSITION ECONOMIES: Do Macroeconomic Fundamentals and Political Risk Play a Role? Author & abstract; Download; Related ...

Real exchange rate dynamics in transition economies - ScienceDirect

It is shown that the real exchange rate—measured as the relative price of tradables in terms of non-tradables—is affected by adverse initial conditions and ...

The Exchange Rate and Macroeconomic Determinants

exponential smooth transition autoregressive (ESTAR) model to capture the nature of nonlinear mean reversion in real exchange rates, Wu and Chen (2001) propose ...

Has the relationship between the real exchange rate and its ...

Another important strand of the literature on the relationship between the exchange rate and economic fundamentals considers the present-value ...

The Real Exchange Rate in Transition Economies

To that effect, we assume that financial markets are absent so that investment has to be financed by current profits. The real exchange rate is defined as the ...

Real Exchange Rates in Advanced Transition Economies

The equilibrium real exchange rate depreciation in the future may obtain either as a result of an increase in the direct subsidies on investment or as a result ...