Arbeitspapier
Transition economy convergence in a two-country model: implications for monetary integration
In this paper we present a two-country dynamic general equilibrium model of ex ante unequally developed countries. The model explains a key feature recently observed in transition economies – the long-run trend real exchange rate appreciation – through investments into quality. Our exchange-rate projections bear important policy implications, which we illustrate on the collision between the price and nominal exchange rate criterion for the European Monetary Union in a set of selected transition economies in Central and Eastern Europe.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 740
- Klassifikation
-
Wirtschaft
Central Banks and Their Policies
Economic Integration
Economic Growth of Open Economies
- Thema
-
convergence
Currency area
monetary policy
Two-country modeling
Zwei-Länder-Modell
Allgemeines Gleichgewicht
Wirtschaftliche Konvergenz
Währungsunion
Theorie
Entwicklungsländer
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bruha, Jan
Podpiera, Jirí
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bruha, Jan
- Podpiera, Jirí
- European Central Bank (ECB)
Entstanden
- 2007
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