Have real exchange rates and competitiveness in Central and Eastern Europe fundamentally changed?
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Título
Have real exchange rates and competitiveness in Central and Eastern Europe fundamentally changed?Fecha de publicación
2024-01-01Editor
ElsevierISSN
1059-0560Cita bibliográfica
Juan Carlos Cuestas, Mercedes Monfort, Javier Ordóñez, Have real exchange rates and competitiveness in Central and Eastern Europe fundamentally changed?, International Review of Economics & Finance, Volume 89, Part A, 2024, Pages 618-628.Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://www.sciencedirect.com/science/article/pii/S1059056023002824Versión
info:eu-repo/semantics/publishedVersionPalabras clave / Materias
Resumen
In this paper we analyse the evolution of the RER and its main fundamentals for a group of Central and Eastern European countries. We focus particularly on the possibility of structural breaks in the relationship. We ... [+]
In this paper we analyse the evolution of the RER and its main fundamentals for a group of Central and Eastern European countries. We focus particularly on the possibility of structural breaks in the relationship. We find clear evidence of breaks, mainly caused by the great recession. We find that a combination of both supply-side and demand-side effects are behind the variations in the real exchange rate, and overall, capital inflows have contributed to improve competitiveness in these countries. [-]
Publicado en
International Review of Economics & Finance Volume 89, Part A, January 2024Entidad financiadora
Universitat Jaume I research | Generalitat Valenciana | Universitat Jaume I
Código del proyecto o subvención
UJI-B2020-16 | AICO 2021/005, CIPROM/2022/50 | UJI-B2022-03
Derechos de acceso
info:eu-repo/semantics/openAccess
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