Belke, Ansgar; Kaas, Leo - In: Economic Change and Restructuring 31 (2004) 2, pp. 247-280
union if there has been little reason for variations in the exchange rate in the past. This paper takes a different approach … and highlights the fact that high exchange rate volatility may also signal high costs for labor markets. The impact of … exchange rate volatility on labor markets in the CEECs is analyzed, revealing that volatility vis-à-vis the euro significantly …