Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/212528 
Erscheinungsjahr: 
2003
Schriftenreihe/Nr.: 
BOFIT Discussion Papers No. 14/2003
Verlag: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Zusammenfassung: 
A panel data set for six Central and Eastern European countries (the Czech Republic, Hungary, Poland, Romania, Slovakia and Slovenia) is used to estimate the monetary exchange rate model with panel cointegration methods, including the Pooled Mean Group estimator, the Fully Modified Least Square estimator and the Dynamic Least Square estimator.The monetary model is able to convincingly explain the long-run dynamics of exchange rates in CEECs, particularly when this is supplemented by a Balassa-Samuelson effect.We then use our long-run monetary estimates to compute equilibrium exchange rates.Finally, we discuss the implications for the accession of selected countries to the European Economic and Monetary Union.
Schlagwörter: 
Exchange rates
monetary model
panel unit root tests
panel cointegration
EMU
JEL: 
C33
F31
F36
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
951-686-876-2
Dokumentart: 
Working Paper

Datei(en):
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