Arbeitspapier
Bilateral equilibrium exchange rates of EU accession countries against the euro
We apply BEER and PEER approaches to calculate real equilibrium exchange rates for five EU accession countries in central and east Europe.Bilateral nominal equilibrium exchange rates against the euro are obtained through algebraic transformation of the results. Panel cointegration techniques are used to check the adequacy of the empirical model.The results reveal substantial overvaluations of the real exchange rate in several EU accession countries. Overvaluation is even higher when these exchange rates are expressed in nominal terms against the euro.
- ISBN
-
951-686-870-3
- Sprache
-
Englisch
- Erschienen in
-
Series: BOFIT Discussion Papers ; No. 11/2003
- Klassifikation
-
Wirtschaft
Foreign Exchange
Open Economy Macroeconomics
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
- Thema
-
real exchange rates
equilibrium exchange rates
transition economies
panel cointegration
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Rahn, Jörg
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Finland, Institute for Economies in Transition (BOFIT)
- (wo)
-
Helsinki
- (wann)
-
2003
- 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
- Rahn, Jörg
- Bank of Finland, Institute for Economies in Transition (BOFIT)
Entstanden
- 2003
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