Verfügbarkeit: Equilibrium Exchange Rates in Transition Economies

Equilibrium Exchange Rates in Transition Economies:

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 Absent historical reference points, it is difficult to judge whether the real appreciation is threatening competitiveness.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...

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1. Verfasser:	Halpern, Lionel (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 1996
Schriftenreihe:	IMF Working Papers Working Paper No. 96/125
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	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 Absent historical reference points, it is difficult to judge whether the real appreciation is threatening competitiveness.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
Beschreibung:	1 Online-Ressource (40 p)
ISBN:	145185479X 9781451854794

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spelling	Halpern, Lionel Verfasser aut Equilibrium Exchange Rates in Transition Economies Halpern, Lionel Washington, D.C International Monetary Fund 1996 1 Online-Ressource (40 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 96/125 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 Absent historical reference points, it is difficult to judge whether the real appreciation is threatening competitiveness.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 Online-Ausg Wyplosz, Charles Sonstige oth http://elibrary.imf.org/view/IMF001/02065-9781451854794/02065-9781451854794/02065-9781451854794.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Halpern, Lionel Equilibrium Exchange Rates in Transition Economies
title	Equilibrium Exchange Rates in Transition Economies
title_auth	Equilibrium Exchange Rates in Transition Economies
title_exact_search	Equilibrium Exchange Rates in Transition Economies
title_exact_search_txtP	Equilibrium Exchange Rates in Transition Economies
title_full	Equilibrium Exchange Rates in Transition Economies Halpern, Lionel
title_fullStr	Equilibrium Exchange Rates in Transition Economies Halpern, Lionel
title_full_unstemmed	Equilibrium Exchange Rates in Transition Economies Halpern, Lionel
title_short	Equilibrium Exchange Rates in Transition Economies
title_sort	equilibrium exchange rates in transition economies
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