Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212555 
Authors: 
Year of Publication: 
2005
Series/Report no.: 
BOFIT Discussion Papers No. 3/2005
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
This paper investigates the equilibrium exchange rates of three Southeastern European countries (Bulgaria, Croatia and Romania), of two CIS economies (Russia and Ukraine) and of Turkey.A systematic approach in terms of different time horizons at which the equilibrium exchange rate is assessed is conducted, combined with a careful analysis of country-specific factors.For Russia, a first look is taken at the Dutch Disease phenomenon as a possible driving force behind equilibrium exchange rates.A unified framework including productivity and net foreign assets completed with a set control variables such as openness, public debt and public expenditures is used to compute total real misalignment bands.
Subjects: 
Balassa-Samuelson
Dutch Disease
Bulgaria
Croatia
Romania
Russia
Ukraine
Turkey
JEL: 
E31
O11
P17
Persistent Identifier of the first edition: 
ISBN: 
951-686-992-0
Document Type: 
Working Paper

Files in This Item:
File
Size





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