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appreciation of the nominal exchange rate, this real appreciation will occur through inflation rates that are higher than in … industrial countries. Provided that the current prudent economic policies are continued, such higher inflation will not threaten …
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appreciation of the nominal exchange rate, this real appreciation will occur through inflation rates that are higher than in … industrial countries. Provided that the current prudent economic policies are continued, such higher inflation will not threaten …
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This paper focuses on macroeconomic interdependencies between the Euro area and three transition economies (Estonia, Lithuania and Latvia), with the aim of establishing whether the latter are ready to adopt the Euro. The theoretical framework is based on the Generalised Purchasing Power Parity...
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