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Fifteen years ago it counted as received wisdom that accession to the European Union implies arrival to a safe haven concluding the ups and downs of post-communist transformation. Quantitative assessment (Papi et al. in JAMA 60(2): 271-290, 2018) indicates a considerable degree of convergence,...
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This paper presents the empirical evidence of how exchange rate volatility affects the flow of export trade. The estimation of this relationship is complicated, due to the endogeneity between exchange rate volatility and trade. To mitigate this issue, I introduce an instrumental variable to the...
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