Real Exchange Rates and Optimum Currency Areas: Evidence from Developed Economies

Roman Horvath and Zuzana Kuèerová ()
Additional contact information
Zuzana Kuèerová: Faculty of Economics, Technical University of Ostrava
Authors registered in the RePEc Author Service: Zuzana Kucerova

Czech Journal of Economics and Finance (Finance a uver), 2005, vol. 55, issue 5-6, 253-266

Abstract: In this paper, the authors link real exchange rates and optimum currency area criteria. The authors examine the hypothesis that countries not fulfilling optimum currency area criteria in full will tend to have volatile bilateral real exchange rate. The authors find that, based on a study of data from developed economies from the 1990s, optimum currency criteria (such as trade integration, asymmetry of shocks, openness) help explain bilateral real exchange-rate variation.

Keywords: GMM estimation; optimum currency areas; real exchange Mates (search for similar items in EconPapers)
JEL-codes: E52 E58 F33 F42 (search for similar items in EconPapers)
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://journal.fsv.cuni.cz/storage/1020_s_253_266.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fau:fauart:v:55:y:2005:i:5-6:p:253-266

Access Statistics for this article

More articles in Czech Journal of Economics and Finance (Finance a uver) from Charles University Prague, Faculty of Social Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Natalie Svarcova ().