Real Exchange Rate Adjustment In European Transition Countries
| dc.contributor.author | Sweeney, Richard J. | swe |
| dc.contributor.author | Maican, Florin G. | swe |
| dc.contributor.department | Department of Economics | swe |
| dc.date.accessioned | 2006-04-11 | swe |
| dc.date.accessioned | 2007-02-09T11:14:45Z | |
| dc.date.available | 2007-02-09T11:14:45Z | |
| dc.date.issued | 2006 | swe |
| dc.description.abstract | This paper presents unit-root test results for real exchange rates in ten Central and Eastern European transition countries during 1993:01-2003:12. Because of the shift from controlled to market economies and the accompanying crises, failed policy regimes and changes in exchange rate regimes, appropriate tests in transition countries require allowing for both structural changes and outliers. In both single-equation tests and panel tests with SUR techniques, the data reject the unit-root null for the CEE countries. Accounting for structural breaks and outliers gives much faster mean-reversion speeds than otherwise. | swe |
| dc.format.extent | 30 pages | swe |
| dc.format.extent | 263540 bytes | |
| dc.format.mimetype | application/pdf | |
| dc.gup.epcid | 4841 | swe |
| dc.gup.origin | Göteborg University. School of Business, Economics and Law | swe |
| dc.identifier.issn | 1403-2465 | swe |
| dc.identifier.uri | http://hdl.handle.net/2077/2715 | |
| dc.language.iso | en | swe |
| dc.relation.ispartofseries | Working Papers in Economics, nr 202 | swe |
| dc.subject | Purchasing power parity; real exchange rate; Monte Carlo; unit root; transition countries; panel data. | swe |
| dc.subject.svep | Economics | swe |
| dc.title | Real Exchange Rate Adjustment In European Transition Countries | swe |
| dc.type.svep | Report | swe |
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