Series: IMF Working Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2001
Keywords: transition, Balassa-Samuelson effects, exchange rate, real exchange rate, transition countries, exchange rates, exchange rate movements, International Finance: General, Socialist Institutions and Their Transitions: Financial Economics,
Several transition countries have experienced strong real exchange rate appreciations. This paper tests the hypothesis that these appreciations reflect underlying productivity gains in the tradable sector. Using pa...