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http://hdl.handle.net/10419/27748
  

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dc.contributor.authorHerrmann, Sabineen_US
dc.date.accessioned2009-08-27en_US
dc.date.accessioned2009-09-07T14:41:18Z-
dc.date.available2009-09-07T14:41:18Z-
dc.date.issued2009en_US
dc.identifier.isbn978-3-86558-548-6en_US
dc.identifier.urihttp://hdl.handle.net/10419/27748-
dc.description.abstractThis paper examines the relationship between the exchange rate regime and the pace of current account adjustment. The panel data set we refer to includes 11 catching-up countries from central, eastern and south-eastern Europe between 1994 and 2007. The exchange rate regime is measured by a continuous z-score measure of exchange rate volatility proposed by Gosh, Gulde and Wolf (2003). Based on a basic autoregression estimation, the results indicate that a more flexible exchange rate regime significantly enhances the rate of current account adjustment.en_US
dc.language.isoengen_US
dc.publisherDt. Bundesbank Frankfurt, M.en_US
dc.relation.ispartofseriesDiscussion Paper Series 1: Economic Studies 2009,22en_US
dc.subject.jelF32en_US
dc.subject.jelF31en_US
dc.subject.jelO52en_US
dc.subject.ddc330en_US
dc.subject.keywordCurrent account adjustmenten_US
dc.subject.keywordexchange rate regimeen_US
dc.subject.keywordCentral and Eastern Europeen_US
dc.subject.stwWechselkurssystemen_US
dc.subject.stwLeistungsbilanzen_US
dc.subject.stwZahlungsbilanzgleichgewichten_US
dc.subject.stwWirtschaftliche Anpassungen_US
dc.subject.stwSch├Ątzungen_US
dc.subject.stwOsteuropaen_US
dc.titleDo we really know that flexible exchange rates facilitate current account adjustment? Some new empirical evidence for CEE countriesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn607707003en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:bubdp1:200922-
Appears in Collections:Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank

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