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

Author

Listed:
  • 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.

Suggested Citation

  • Laszlo Halpern & Charles Wyplosz, 2001. "Economic Transformation and Real Exchange Rates in the 2000s: The Balassa-Samuelson Connection," ECE Discussion Papers Series 2001_1, UNECE.
    • Handle: RePEc:ece:dispap:2001_1
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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
    Download Restriction: no
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    More about this item

    Keywords

    EU enlargement; EU new member states; euro; transition economies; Balassa-Samuelson;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • P27 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Performance and Prospects
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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