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Equilibrium Exchange Rates in Transition Economies

Equilibrium Exchange Rates in Transition Economies »

Source: Equilibrium Exchange Rates in Transition Economies

Volume/Issue: 1996/125

Series: IMF Working Papers

Author(s): Lionel Halpern , and Charles Wyplosz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1996

ISBN: 9781451854794

Keywords: exchange rate, wage, real exchange rate, wages, exchange rates

A stylized fact of the transition process is an early profound exchange rate depreciation followed by continuing real appreciation. Absent historical reference points, it is difficult to judge whether the real appr...

From Centrally-Planned to Market Economies

From Centrally-Planned to Market Economies »

Source: From Centrally-Planned to Market Economies : The Road from CPE to PCPE

Volume/Issue: 1991/17

Series: IMF Working Papers

Author(s): Jacob Frenkel , and Guillermo Calvo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 1991

ISBN: 9781451843446

Keywords: exchange rate, wage, foreign exchange, wages, wage indexation

This paper deals with the early stages of transformation of centrally-planned economies (CPEs) into market economies during which expectations play a key role. It focuses on the transitional phase during which the...

Equilibrium Exchange Rates in Transition Economies

Equilibrium Exchange Rates in Transition Economies »

Volume/Issue: 1996/125

Series: IMF Working Papers

Author(s): Lionel Halpern , and Charles Wyplosz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1996

DOI: http://dx.doi.org/10.5089/9781451854794.001

ISBN: 9781451854794

Keywords: exchange rate, wage, real exchange rate, wages, exchange rates

A stylized fact of the transition process is an early profound exchange rate depreciation followed by continuing real appreciation. Absent historical reference points, it is difficult to judge whether the real appr...

From Centrally-Planned to Market Economies
			: The Road from CPE to PCPE

From Centrally-Planned to Market Economies : The Road from CPE to PCPE »

Volume/Issue: 1991/17

Series: IMF Working Papers

Author(s): Jacob Frenkel , and Guillermo Calvo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 1991

DOI: http://dx.doi.org/10.5089/9781451843446.001

ISBN: 9781451843446

Keywords: exchange rate, wage, foreign exchange, wages, wage indexation

This paper deals with the early stages of transformation of centrally-planned economies (CPEs) into market economies during which expectations play a key role. It focuses on the transitional phase during which the...