Real Output and Prices Adjustments Under Different Exchange Rate Regimes
dc.contributor.author | Mirdala, Rajmund | |
dc.date.accessioned | 2016-08-30T19:50:38Z | |
dc.date.available | 2016-08-30T19:50:38Z | |
dc.date.issued | 2013-11-01 | |
dc.identifier.other | RePEc:wdi:papers:2013-1064 | |
dc.identifier.uri | https://hdl.handle.net/2027.42/133084 | |
dc.description.abstract | Exchange rate regimes evolution in the European transition economies refers to one of the most crucial policy decision in the beginning of the 1990s employed during the initial stages of the transition process. During the period of last two decades we may identify some crucial milestones in the exchange rate regimes evolution in the European transition economies. due to existing diversity in exchange rate arrangements in the European transition economies in the pre-ERM2 period there seems to be two big groups of countries - “peggers” (Bulgaria, Estonia, Latvia, Lithuania) and “floaters” (Czech republic, Hungary, Poland, Romania, Slovak republic, Slovenia). Despite the fact, there seems to be no real prospective alternative to euro adoption for the European transition economies, we emphasize disputable effects of sacrificing monetary sovereignty in the view of positive effects of exchange rate volatility and exchange rate based adjustments in the country experiencing sudden shifts in the business cycle. In the paper we analyze effects of the real exchange rate volatility on real output and inflation in ten European transition economies.... | |
dc.relation.ispartofseries | wp1064 | |
dc.subject | exchange rate volatility | |
dc.subject | economic growth | |
dc.subject | economic crisis | |
dc.subject | vector autoregression | |
dc.subject | variance decomposition | |
dc.subject | impulse-response function | |
dc.subject.other | C32 | |
dc.subject.other | F32 | |
dc.subject.other | F41 | |
dc.title | Real Output and Prices Adjustments Under Different Exchange Rate Regimes | |
dc.type | Working Paper | |
dc.subject.hlbsecondlevel | Economics | |
dc.subject.hlbtoplevel | Business | |
dc.contributor.affiliationum | William Davidson Institute | |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/133084/1/wp1064.pdf | |
dc.contributor.authoremail | rajmund.mirdala@tuke.sk | |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
Files in this item
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.