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Demand for Money in the Transition Economy : The Case of the Czech Republic 1993–2001

Luboš, Komárek; Martin, Melecký - Department of Economics, University of Warwick - 2001

determinants that probably affect the demand for money in a small open transition economy. We do so in the case of both narrow and …

Persistent link: https://www.econbiz.de/10005368730

Currency Substitution in the Transition Economy : A Case of the Czech Republic 1993-2001

Luboš, Komárek; Martin, Melecký - Department of Economics, University of Warwick - 2001

transition economies. Therefore, this paper strives to analyze the particular relevance of a currency substitution phenomenon for … the literature. Subsequently, we discuss the role of currency substitution in small open economies in transition with some …

Persistent link: https://www.econbiz.de/10005146853

THEORETICAL AND EMPIRICAL ANALYSIS OF THE DEBT-ADJUSTED REAL EXCHANGE RATE IN SELECTED TRANSITION ECONOMIES DURING 1994-2001

Frait, Jan; Komárek, Luboš - Department of Economics, University of Warwick - 2002

other selected transition economies by applying the concept of the debt-adjusted real exchange rate (DARER), thereby … motivation for constructing DARER is the fact that many transition economies finance their long-term current account deficits … Czech Republic. Part six and annex 1 to this work contain empirical DARER results for selected transition countries …

Persistent link: https://www.econbiz.de/10005747147

REAL Exchange rate trends in transitional countries

Frait, Jan; Komárek, Luboš - Department of Economics, University of Warwick - 2001

The paper presents an analysis of the determinants of the real exchange rate with emphasis on its long-term aspects and searching for the equilibrium paths. It introduces the behavioral models of exchange rates (especially the BEER and the NATREX), that are alternatives to the often-used...

Persistent link: https://www.econbiz.de/10005747164

OPTIMUM CURRENCY AREA THEORY : AN APPROACH FOR THINKING ABOUT MONETARY INTEGRATION

Horvath, Roman; Komárek, Luboš - Department of Economics, University of Warwick - 2002

The optimum currency area (OCA) theory tries to answer an almost prohibitively difficult question : what is the optimal number of currencies to be used in one region. The difficulty of the question leads to a low operational precision of OCA theory. Therefore, we argue that the OCA theory is a...

Persistent link: https://www.econbiz.de/10005748227