Series: IMF Working Papers
Author(s): Katerina Smídková , and Ales Bulir
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2005
Keywords: Sustainable real exchange rates, ERM2, exchange rate, exchange rates, real exchange rate, fdi, real exchange rates, International Monetary Arrangements and Institutions, Financial Aspects of Economic Integration, Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation,
Estimation and simulation of sustainable real exchange rates in some of the new EU accession countries point to potential difficulties in sustaining the ERM2 regime if entered too soon and with weak policies. Accor...