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dc.contributor.authorHerrmann, Sabineen
dc.date.accessioned2009-08-27-
dc.date.accessioned2009-09-07T14:41:18Z-
dc.date.available2009-09-07T14:41:18Z-
dc.date.issued2009-
dc.identifier.isbn978-3-86558-548-6en
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
dc.language.isoengen
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.en
dc.relation.ispartofseries|aDiscussion Paper Series 1 |x2009,22en
dc.subject.jelF32en
dc.subject.jelF31en
dc.subject.jelO52en
dc.subject.ddc330en
dc.subject.keywordCurrent account adjustmenten
dc.subject.keywordexchange rate regimeen
dc.subject.keywordCentral and Eastern Europeen
dc.subject.stwWechselkurssystemen
dc.subject.stwLeistungsbilanzen
dc.subject.stwZahlungsbilanzgleichgewichten
dc.subject.stwWirtschaftliche Anpassungen
dc.subject.stwSchätzungen
dc.subject.stwOsteuropaen
dc.titleDo we really know that flexible exchange rates facilitate current account adjustment? Some new empirical evidence for CEE countries-
dc.typeWorking Paperen
dc.identifier.ppn607707003en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bubdp1:200922en

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