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dc.contributor.authorBelke, Ansgaren_US
dc.contributor.authorSetzer, Ralphen_US
dc.date.accessioned2009-01-28T16:12:54Z-
dc.date.available2009-01-28T16:12:54Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/20273-
dc.description.abstractAccording to the traditional 'optimum currency area' approach, not much will be lost from a very hard peg to a currency union if there has been little reason for variations in the exchange rate. This paper takes a different approach and highlights the fact that high exchange rate volatility may as well signal high costs for labor markets. The impact of exchange rate volatility on labor markets in the CEECs is analyzed, finding that volatility vis?- vis the euro significantly lowers employment growth. Hence, the elimination of exchange rate volatility could be considered as a substitute for a removal of employment protection legislation.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 1038en_US
dc.subject.jelP27en_US
dc.subject.jelJ32en_US
dc.subject.jelF36en_US
dc.subject.ddc330en_US
dc.subject.keywordCentral and Eastern Europeen_US
dc.subject.keywordcurrency unionen_US
dc.subject.keywordeuroizationen_US
dc.subject.keywordexchange rate variabilityen_US
dc.subject.keywordjob creationen_US
dc.subject.stwWechselkursen_US
dc.subject.stwVolatilitäten_US
dc.subject.stwWechselkurssystemen_US
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen_US
dc.subject.stwBeschäftigungseffekten_US
dc.subject.stwArbeitsmarktflexibilisierungen_US
dc.subject.stwSchätzungen_US
dc.subject.stwOsteuropaen_US
dc.titleExchange Rate Volatility and Employment Growth : Empirical Evidence from the CEE Economiesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn380020254en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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