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- W2142014552 abstract "We apply BEER and PEER approaches to calculate real equilibrium exchange rates for five EU accession countries in central and east Europe.Bilateral nominal equilibrium exchange rates against the euro are obtained through algebraic transformation of the results. Panel cointegration techniques are used to check the adequacy of the empirical model.The results reveal substantial overvaluations of the real exchange rate in several EU accession countries. Overvaluation is even higher when these exchange rates are expressed in nominal terms against the euro. Keywords: real exchange rates, equilibrium exchange rates, transition economies, panel cointegration JEL Classification: F31, F41, C23" @default.
- W2142014552 created "2016-06-24" @default.
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- W2142014552 date "2003-11-10" @default.
- W2142014552 modified "2023-09-27" @default.
- W2142014552 title "Bilateral equilibrium exchange rates of EU accession countries against the euro" @default.
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