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This paper emphasizes the different nature of cross border liberalization in network related services, such as telecoms, compared to liberalization in goods. In the presence of network externalities, it argues that if two disjoint country service networks involving a small and large country are...
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reflect the best possible assessment of the equilibrium exchange rate. In this paper we use the BEER and PEER approach to … estimate real Polish zloty/euro equilibrium rate. Although the main goal of our analysis is to compute measures of current and … total misalignment, we also check the sensitivity of the equilibrium exchange rate estimates to our choice of the risk …
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The ultimate object of research concerning the Euro is to answer the following questions: (#1) What is the equilibrium … trajectory of the nominal euro, measured as dollars/euro? (#2) To what extent has the equilibrium nominal euro been determined by …
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