Real exchange rates, current accounts and competitiveness issues in PIGS countries

Mirdala, Rajmund

Real exchange rates, current accounts and competitiveness issues in PIGS countries / Rajmund Mirdala. -- grafy. -- Abstrakt: Asynchronous current account trends between North and South of the Euro Area were accompanied by significant appreciations of real exchange rate in the periphery economies originating in the strong asymmetric shifts in consumer prices and unit labor costs. As a result, the issue is whether the real exchange rate is a significant driver of persisting current account imbalances in the Euro Area. From estimated VAR model we calculate responses of the current account to the real exchange rate (CPI and ULC based) shock. Our results revealed differences in response patterns of current accounts to the unexpected real exchange rate shocks between selected periphery and core Euro Area member countries. -- Dostupné též v elektronické podobě.
In: Hradecké ekonomické dny. -- Hradec Economic Days. -- 411 s.. -- Hradec Králové: University of Hradec Králové, 2016. -- ISSN 2464-6059. -- 978-80-7435-634-6. -- S. 205-218 (tištěný sborník), s. 660-673 (online zdroj).

euro * devizové kurzy - země Evropské unie * konkurenceschopnost - země Evropské unie * hospodářská krize - země Evropské unie * měnové unie - země Evropské unie * ekonomická analýza - země Evropské unie * články ze sborníku