Equilibrium exchange rates in Central and Eastern Europe : A meta-regression analysis

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dc.contributor Bank of Finland
dc.contributor.author Égert, Balázs
dc.contributor.author Halpern, László
dc.date.accessioned 2014-09-22T08:00:01Z
dc.date.available 2014-09-22T08:00:01Z
dc.date.issued 2005
dc.identifier.isbn 951-686-994-7
dc.identifier.issn 1456-4564
dc.identifier.uri https://helda.helsinki.fi/bof/handle/123456789/8020
dc.description Ilmestynyt myös JOURNAL OF BANKING & FINANCE 2006 ; 30 ; 5 ; May. Ilmestynyt myös CEPR ; Discussion paper 4869
dc.description.abstract This paper analyses the ever-growing literature on equilibrium exchange rates in the new EU member states of Central and Eastern Europe in a quantitative manner using meta-regression analysis.The results indicate that the real misalignments reported in the literature are systematically influenced, inter alia, by the underlying theoretical concepts (Balassa-Samuelson effect, Behavioural Equilibrium Exchange Rate, Fundamental Equilibrium Exchange Rate) and by the econometric estimation methods.The important implication of these findings is that a systematic analysis is needed in terms of both alternative economic and econometric specifications to assess equilibrium exchange rates. JEL: C15, E31, F31, O11, P17. Keywords: equilibrium exchange rate, Balassa-Samuelson effect, meta-analysis
dc.format.extent 23 s.
dc.language.iso eng
dc.relation.ispartofseries BOFIT Discussion Papers
dc.rights https://helda.helsinki.fi/bof/copyright
dc.subject KIE
dc.subject valuuttakurssit
dc.subject Baltia
dc.subject SP
dc.subject Bofit-kokoelma
dc.subject uudet EU-maat
dc.title Equilibrium exchange rates in Central and Eastern Europe : A meta-regression analysis
dc.type Sarjajulkaisu
dc.identifier.urn URN:NBN:fi:bof-201408072018
dc.subject.jel C15
dc.subject.jel E31
dc.subject.jel F31
dc.subject.jel O11
dc.subject.jel P17
dc.series.name BOFIT Discussion Papers
dc.series.year 2005
dc.series.number 4/2005
dc.series.sortingnumber 4
dc.date.publication 5.5.2005
dc.contributor.orgunit Institute for Economies in Transition (BOFIT)
dc.description.publication Published in Journal of Banking & Finance 30 (2006), pp. 1359-1374

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