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In this paper we analyse the price competitiveness of the Italian regions by computing the Real Effective Exchange Rate (REER) for each region, deflated by CPI and vis-à-vis the main partner countries. We use them to look for the medium-term determinants, finding significant heterogeneities in...
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This paper analyzes the relation between exchange rate volatility and several macroeconomic variables, namely real per capita output growth, the credit cycle, the stock of inward foreign direct investment (FDI) and the current account balance, in the Central and Eastern European EU Member...
Persistent link: https://www.econbiz.de/10011604975
the real-nominal convergence nexus from the perspective of euro area entry. We argue that the initial level of economic … development as measured by per capita income and the speed of real convergence have a bearing on the strategies to follow and on …
Persistent link: https://www.econbiz.de/10010494377
and timing of euro adoption. We investigate the real-nominal convergence nexus from the perspective of euro area entry. We … argue that the initial level of economic development as measured by per capita income and the speed of real convergence have …
Persistent link: https://www.econbiz.de/10010494388
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This study estimates the rate and distance to convergence of WAMZ Member States and provides a comparative analysis of … nominal and real convergence to evaluate WAMZ's preparedness for monetary integration. We employ monthly data on the consumer … price index and nominal exchange rate from January 2003 to December 2022 to assess nominal convergence, while annual real …
Persistent link: https://www.econbiz.de/10015045367
This paper demonstrates effects of economic convergence processes on the foreign exchange behaviour in a monetary …
Persistent link: https://www.econbiz.de/10010263691