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A small expectations-expanded ""Mundell-Fleming"" model is built for the European Union Accession Countries and estimated to assess the optimality of different exchange rate regimes (a peg and a float) through a simple welfare function. Floating appears as the best option for most of the...
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A small expectations-expanded "Mundell-Fleming" model is built for the European Union Accession Countries and estimated to assess the optimality of different exchange rate regimes (a peg and a float) through a simple welfare function. Floating appears as the best option for most of the countries...
Persistent link: https://www.econbiz.de/10011475894
Aufbauend auf der Analyse des Reformbedarfs zu Beginn der Transformationsprozesse in Mittel- und Osteuropa untersucht … die Arbeit anhand von zwei Modellrahmen die Rolle der Wechselkurspolitik beim Übergang zur Marktwirtschaft. Es wird …
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