Real exchange rates in emerging economies

被引:2
|
作者
Bruha, Jan [1 ,2 ,3 ]
Podpiera, Jiri [1 ]
机构
[1] Czech Natl Bank, External Econ Relat Div, Prague, Czech Republic
[2] Acad Sci Czech Republ, Inst Econ, Prague, Czech Republic
[3] Ctr Econ Res & Grad Educ Univ, Charles, Czech Republic
关键词
F12; F36; F41; Real exchange rate; emerging economies; two-country modelling; TRADE; TRADABLES; GROWTH;
D O I
10.1111/j.1468-0351.2009.00375.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
We analyse the role of various investment margins in explaining the real exchange rate appreciation recorded in European transition countries. We present a model that introduces a quality investment margin and show that the margin is needed for replicating the observed pace of real exchange rate appreciation.
引用
收藏
页码:599 / 628
页数:30
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