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dc.contributor.authorBelke, Ansgaren
dc.contributor.authorSetzer, Ralphen
dc.date.accessioned2009-01-28T16:12:54Z-
dc.date.available2009-01-28T16:12:54Z-
dc.date.issued2004-
dc.identifier.urihttp://hdl.handle.net/10419/20273-
dc.description.abstractAccording 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.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x1038en
dc.subject.jelP27en
dc.subject.jelJ32en
dc.subject.jelF36en
dc.subject.ddc330en
dc.subject.keywordCentral and Eastern Europeen
dc.subject.keywordcurrency unionen
dc.subject.keywordeuroizationen
dc.subject.keywordexchange rate variabilityen
dc.subject.keywordjob creationen
dc.subject.stwWechselkursen
dc.subject.stwVolatilitäten
dc.subject.stwWechselkurssystemen
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen
dc.subject.stwBeschäftigungseffekten
dc.subject.stwArbeitsmarktflexibilisierungen
dc.subject.stwSchätzungen
dc.subject.stwOsteuropaen
dc.titleExchange Rate Volatility and Employment Growth : Empirical Evidence from the CEE Economies-
dc.typeWorking Paperen
dc.identifier.ppn380020254en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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