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https://hdl.handle.net/10419/20273
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Belke, Ansgar | en |
dc.contributor.author | Setzer, Ralph | en |
dc.date.accessioned | 2009-01-28T16:12:54Z | - |
dc.date.available | 2009-01-28T16:12:54Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/20273 | - |
dc.description.abstract | According to the traditional 'optimum currency area' approach, not much will be lost from avery hard peg to a currency union if there has been little reason for variations in theexchange rate. This paper takes a different approach and highlights the fact that highexchange rate volatility may as well signal high costs for labor markets. The impact ofexchange 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 exchangerate volatility could be considered as a substitute for a removal of employment protectionlegislation. | en |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x1038 | en |
dc.subject.jel | P27 | en |
dc.subject.jel | J32 | en |
dc.subject.jel | F36 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Central and Eastern Europe | en |
dc.subject.keyword | currency union | en |
dc.subject.keyword | euroization | en |
dc.subject.keyword | exchange rate variability | en |
dc.subject.keyword | job creation | en |
dc.subject.stw | Wechselkurs | en |
dc.subject.stw | Volatilität | en |
dc.subject.stw | Wechselkurssystem | en |
dc.subject.stw | Europäische Wirtschafts- und Währungsunion | en |
dc.subject.stw | Beschäftigungseffekt | en |
dc.subject.stw | Arbeitsmarktflexibilisierung | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Osteuropa | en |
dc.title | Exchange Rate Volatility and Employment Growth : Empirical Evidence from the CEE Economies | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 380020254 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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