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...

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Autor principal: Smidkova, Katerina
Altres autors: Bulir, Ales
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2005.
Col·lecció:IMF Working Papers; Working Paper ; No. 2005/027
Accés en línia:Full text available on IMF