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als Ganzes blieb indes der mit Abstand führende Exporteur in der Welt: Der Anteil ihrer Exporte in Drittländer am gesamten …
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We evaluate the effect of exchange rate misalignments on the balance of trade and the role that global value chain participation plays in this effect for 11 new European Union member states. Using heterogeneous panel cointegration methods, we first estimate the real equilibrium exchange rate and...
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