Exchange Rate Regimes in Central Eastern and Southeastern Europe is popular PDF and ePub book, written by Mr.Slavi T Slavov in 2017-03-31, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Exchange Rate Regimes in Central Eastern and Southeastern Europe can be Read Online from any device for your convenience.
Exchange Rate Regimes in Central Eastern and Southeastern Europe Book PDF Summary
There are 13 countries in Central, Eastern and Southeastern Europe (CESEE) with floating exchange rate regimes, de jure. This paper uses the framework pioneered by Frankel and Wei (1994) and extended in Frankel and Wei (2008) to show that most of them have been tracking either the euro or the US dollar in recent years. Eight countries, all of them current or aspiring EU members, track the euro. Of the five countries keying on the US dollar in various degrees, all but one belong to the Commonwealth of Independent States. The paper shows that the extent to which each country’s currency tracks the euro (or the dollar) is correlated with the structure of its external trade and finance. However, some countries appear to track the EUR or USD to an extent which appears inconsistent with inflation targeting, trade or financial integration, or the extent of business cycle synchronization. The phenomenon is particularly pronounced among the countries in the CESEE euro bloc, which may be deliberately gravitating around the euro in anticipation of eventually joining the Euro Area.
Detail Book of Exchange Rate Regimes in Central Eastern and Southeastern Europe PDF
- Author : Mr.Slavi T Slavov
- Release : 31 March 2017
- Publisher : International Monetary Fund
- ISBN : 9781475590951
- Genre : Business & Economics
- Total Page : 31 pages
- Language : English
- PDF File Size : 11,7 Mb
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