Real exchange rates in emerging economies

Jan Bruha and Jiří Podpiera

The Economics of Transition, 2010, vol. 18, issue 3, 599-628

Abstract: 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.

Date: 2010
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https://doi.org/10.1111/j.1468-0351.2009.00375.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:etrans:v:18:y:2010:i:3:p:599-628

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