Exchange Rates in the New EU Accession Countries : What Have We Learned from the Forerunners?

What Have We Learned from the Forerunners?

Exchange Rates in the New EU Accession Countries : What Have We Learned from the Forerunners?
Estimation and simulation of sustainable real exchange rates in some of the new EU accession countries point to potential difficulties in sustaining the ERM2 regime if entered too soon and with weak policies. According to the estimates, the Czech, Hungarian, and Polish currencies were overvalued in 2003. Simulations, conditional on large-model... READ MORE...

Publication date: February 2005
ISBN 9781451860467
$15.00

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