Equilibrium Exchange Rates of Central and Eastern European Countries on the Road to the European Monetary Union

Jörg Rahn

ISBN 10: 3631542437 / ISBN 13: 9783631542439

Published by Peter Lang, 2005

About this Item

Equilibrium Exchange Rates of Central and Eastern European Countries on the Road to the European Monetary Union | Jörg Rahn | Taschenbuch | Englisch | Peter Lang | EAN 9783631542439 | Verantwortliche Person für die EU: preigu GmbH & Co. KG, Lengericher Landstr. 19, 49078 Osnabrück, mail[at]preigu[dot]de | Anbieter: preigu.

Seller Inventory # 125355631

Bibliographic Details

• Title: Equilibrium Exchange Rates of Central and Eastern European Countries on the Road to the European Monetary Union
• Publisher: Peter Lang
• Publication Date: 2005
• Language: English
• ISBN 10: 3631542437
• ISBN 13: 9783631542439
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 11W x 148H x 210D millimeters 11 millimeters width by 148 millimeters height by 210 millimeters depth
• Weight: 270 grams
• Seller catalogs:
  • Bücher

About this title

Synopsis

The upcoming enlargement of the European Monetary Union involves the selection of appropriate reference rates at which the exchange rates of the accession countries will be fixed against the euro in order to avoid economic distortions as consequences of serious exchange rate misalignments. Determination of an exchange rate that is neither undervalued nor overvalued raises the issue of equilibrium exchange rates. Based on time series as well as panel estimation techniques three different concepts – BEER, PEER and PPP – are applied in this study to calculate equilibrium exchange rate levels for ten Central and Eastern European countries. The results indicate significant real misalignments in a number of accession countries.

About the Author

The Author: Jörg Rahn studied mathematics and economics at the University of Hamburg and for one year at the Rhodes University in Grahamstown (South Africa). From 2000 to 2004 he worked as research assistant at the Institute of Quantitative Macroeconomics at the University of Hamburg. During this time he published papers on the efficiency of the East German economy and the exchange rate of the Chinese renminbi. Currently he is working for the German Council of Economic Experts (Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung).