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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Détails bibliographiques
Auteur principal: Smidkova, Katerina
Autres auteurs: Bulir, Ales
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2005.
Collection:IMF Working Papers; Working Paper ; No. 2005/027
Accès en ligne:Full text available on IMF