Maintaining Competitiveness Under Equilibrium Real Appreciation : The Case of Slovakia

The Case of Slovakia

Maintaining Competitiveness Under Equilibrium Real Appreciation : The Case of Slovakia
This paper evaluates competitiveness in Slovakia and estimates the equilibrium real exchange rate for the koruna. Slovak wages and prices are found to have been relatively low even when adjusted for differences in relative income and productivity, suggesting an undervalued real exchange rate. However, recent rapid nominal appreciation has... READ MORE...

Publication date: March 2005
ISBN 9781451860849
$15.00

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