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Economic Transformation and Real Exchange Rates in the 2000s: The Balassa-Samuelson Connection

László Halpern () and Charles Wyplosz ()

No 2001_1, ECE Discussion Papers Series from UNECE

Abstract: This paper discusses the relevance of the Balassa-Samuelson effect for the transition economies since 1990. Their experience is consistent with this hypothesis and the further implications of this are discussed especially in regard to EMU targets for exchange rate stability and inflation.

Keywords: EU enlargement; EU new member states; euro; transition economies; Balassa-Samuelson (search for similar items in EconPapers)
JEL-codes: F15 P27 O52 (search for similar items in EconPapers)
Date: 2001-09
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Published in UNECE Discussion Paper Series, No. 2001_1

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http://www.unece.org/oes/disc_papers/ECE_DP_2001-1.pdf First version, 2001 (application/pdf)

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