Abstract
This paper discusses the ways in which real exchange rate changes have affected macroeconomic and structural developments in transition economies. More specifically, it deals with four issues: it analyzes the real exchange rate dynamics in transition economies; it provides a comparative evaluation of the exchange rate regimes adopted by transition countries; it focuses on the link between exchange rate movements and financial crises; and it discusses the applicability of the Balassa–Samuelson hypothesis to transition economies.
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Petkovski, M. Real Exchange Rates in Transition Countries. Transition Stud Rev 13, 270–279 (2006). https://doi.org/10.1007/s11300-006-0111-2
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DOI: https://doi.org/10.1007/s11300-006-0111-2