Exchange Rates in Central Europe : A Blessing or a Curse?

A Blessing or a Curse?

Exchange Rates in Central Europe : A Blessing or a Curse?
Central European accession countries (CECs) are currently considering when to adopt the euro. From the perspective of macroeconomic stabilization, the cost or benefit of giving up a flexible exchange rate depends on the types of asymmetric shocks hitting the economy and the ability of the exchange rate to act as a shock absorber. Economic theory READ MORE...

Publication date: January 2004
ISBN 9781451841794
$15.00

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