EconStor >
Eberhard Karls Universität Tübingen >
Wirtschaftswissenschaftliche Fakultät, Universität Tübingen >
Tübinger Diskussionsbeiträge, Universität Tübingen >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/47595
  
Title:De jure versus de facto: Exchange rate stabilization in Central and Eastern Europe PDF Logo
Authors:Schnabl, Gunther
Issue Date:2003
Series/Report no.:Tübinger Diskussionsbeiträge 269
Abstract:The IMF classifications of the Central and Eastern European exchange rate arrangements are heterogeneous. While one group of countries reports tight pegs to the euro, a second group seems to have moved toward (more) exchange rate flexibility. Based on the recent discussion about the accuracy of IMF exchange rate arrangement classifications, low- and highfrequency exchange rate stability in Central and Eastern Europe is explored here. In this paper we find that de facto exchange rate stabilization is much more prevalent in Central and Eastern Europe than suggested by de jure exchange rate classifications. Most of the CEE countries peg their currencies to the euro, thereby contributing to a growing euro zone. Nevertheless, as exchange rate stabilization against the euro is pursued with different degrees and with different long-term drifts, intra-regional exchange rates are still far from being unified.
Subjects:Foreign Exchange Policy
EMU
Euro Zone
Central and Eastern Europe
JEL:F31
F33
Persistent Identifier of the first edition:urn:nbn:de:bsz:21-opus-18573
Document Type:Working Paper
Appears in Collections:Tübinger Diskussionsbeiträge, Universität Tübingen

Files in This Item:
File Description SizeFormat
574888888.pdf382.53 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/47595

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.