Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212532 
Authors: 
Year of Publication: 
2004
Series/Report no.: 
BOFIT Discussion Papers No. 1/2004
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
The ambition of this paper is to provide a thorough overview of equilibrium exchange rates in the acceding countries of Central and Eastern Europe.Therefore, theoretical models of equilibrium exchange rates are reviewed first and presented in a structured way.Subsequently, the existing body of the empirical literature aimed at investigating real exchange rate determination and possible misalignments is analyzed in a systematic manner.Finally, an attempt is made to sum up where we stand at the moment and what the major shortcomings of the approaches currently used in the literature are.
Persistent Identifier of the first edition: 
ISBN: 
951-686-884-3
Document Type: 
Working Paper

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