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Economic Transformation and Real Exchange Rates in the 2000s: The Balassa-Samuelson Connection

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Author Info

  • Laszlo Halpern

    (Hungarian Academy of Sciences)

  • Charles Wyplosz

    (Graduate Institute of International Studies of Geneva)

Abstract

This paper discusses the relevance of the Balassa-Samuelson effect for the transition economies since 1990. Their experience is consistent with this hypothesis and the further implications of this are discussed especially in regard to EMU targets for exchange rate stability and inflation.

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File URL: http://www.unece.org/fileadmin/DAM/oes/disc_papers/ECE_DP_2001-1.pdf
File Function: First version, 2001
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Bibliographic Info

Paper provided by UNECE in its series ECE Discussion Papers Series with number 2001_1.

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Length: 15 pages
Date of creation: Sep 2001
Date of revision:
Publication status: Published in UNECE Discussion Paper Series, No. 2001_1
Handle: RePEc:ece:dispap:2001_1

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Related research

Keywords: EU enlargement; EU new member states; euro; transition economies; Balassa-Samuelson;

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