Economic Transformation and Real Exchange Rates in the 2000s: The Balassa-Samuelson Connection
Laszlo Halpern and
Charles Wyplosz
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Laszlo Halpern: Hungarian Academy of Sciences
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 O52 P27 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2001-09
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Citations: View citations in EconPapers (93)
Published in UNECE Discussion Paper Series, No. 2001_1
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http://www.unece.org/fileadmin/DAM/oes/disc_papers/ECE_DP_2001-1.pdf First version, 2001 (application/pdf)
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Persistent link: https://EconPapers.repec.org/RePEc:ece:dispap:2001_1
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