Equilibrium Exchange Rates in Transition Economies /
A stylized fact of the transition process is an early profound exchange rate depreciation followed by continuing real appreciation. Absent historical reference points, it is difficult to judge whether the real appreciation is threatening competitiveness. This paper interprets the stylized facts and...
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
1996.
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| Colecção: | IMF Working Papers; Working Paper ;
No. 1996/125 |
| Acesso em linha: | Full text available on IMF |