The Balassa-Samuelson effect is usually seen as the prime explanation of the continuous real appreciation of central and east European (CEE) transition countries' currencies against their western counterparts. The response of a small country's real exchange rate to various shocks is derived in a...

The Balassa-Samuelson effect is usually seen as the prime explanation of the continuous real appreciation of central and east European (CEE) transition countries' currencies against their western counterparts. The response of a small country's real exchange rate to various shocks is derived in a...

Im ersten Teil des Berichts wird eine Übersicht über die bisherigen Erfahrungen der OECD-Länder mit Außenhandelskontrollen gegeben. In fast allen OECD-Ländern wurden Außenhandelskontrollen aufgegeben. Obwohl zwischen den östlichen Reformländern und den westlichen Industrieländern große...