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|c 5.00 USD
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|z 9781451847703
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a International Monetary Fund.
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|a Interpreting Real Exchange Rate Movements in Transition Countries.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2001.
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|a 1 online resource (35 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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 eastern European and Baltic countries. Transition countries, particularly the EU accession countries that have begun to catch up, can expect to experience further productivity-driven real exchange rate appreciations. Evidence from a large cross-section of non-transition countries indicates that catching up by one percent will be associated with a 0.4 percent real appreciation.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2001/056
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2001/056/001.2001.issue-056-en.xml
|z IMF e-Library
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