In this paper, the global simulation model (GSIM) by Francois and Hall (2003) for the analysis of global, regional and unilateral trade policy changes was applied to the countries of Southeast Europe in order to measure the costs of protection in the region. The model is a multiregion, imperfect...

In this paper, first we investigate to which extent the real exchange rate is distorted in the 7 Southeast European countries (SEECs), and compare the findings with other countries in Europe. Second, we shed light into possible determinants and effects of the real exchange rate distortions....

In this paper, first we investigate to which extent the real exchange rate is distorted in the 7 Southeast European countries (SEECs), and compare the findings with other countries in Europe. Second, we shed light into possible determinants and effects of the real exchange rate distortions....

In this paper, the global simulation model (GSIM) by Francois and Hall (2003) for the analysis of global, regional and unilateral trade policy changes was applied to the countries of Southeast Europe in order to measure the costs of protection in the region. The model is a multiregion, imperfect...