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Real exchange rates, current accounts and competitiveness issues in PIGS countries
Článek! Pro signaturu klikni na odkaz In Main entry-name Mirdala, Rajmund (author) Title statement Real exchange rates, current accounts and competitiveness issues in PIGS countries / Rajmund Mirdala Phys.des. grafy Dostupné též v elektronické podobě In Hradecké ekonomické dny. Hradec Economic Days. - S. 205-218 (tištěný sborník), s. 660-673 (online zdroj) Subj. Headings 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 Form, Genre články ze sborníku Annotation 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. Conspect 339.7/.9 - Světová ekonomika a mezinárodní finance Country Česko Language English URL http://fim2.uhk.cz/hed/data/proceedings_2016_1.pdf Database Articles References - Source document 
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