Interpreting Real Exchange Rate Movements in Transition Countries

Interpreting Real Exchange Rate Movements in Transition Countries
Several transition countries have experienced strong real exchange rate appreciations. This paper tests the hypothesis that these appreciations reflect underlying productivity gains in the tradable sector. Using panel data over the period 1993-98, the results show clear evidence of productivity-driven exchange rate movements in the central and... READ MORE...

Publication date: May 2001
ISBN 9781451847703
$15.00

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