Behavioral equilibrium exchange rate in Greece and Ireland

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F12%3A00190641" target="_blank" >RIV/62156489:43110/12:00190641 - isvavai.cz</a>
Result on the web
<a href="http://mme2012.opf.slu.cz/proceedings/proceedings.php" target="_blank" >http://mme2012.opf.slu.cz/proceedings/proceedings.php</a>
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
Behavioral equilibrium exchange rate in Greece and Ireland
Original language description
Open macroeconomics sees real exchange rate as an important tool in maintaining macroeconomic balance. When euro area countries adopted the common currency euro, they have lost the opportunity to adjust their real exchange rates via changes in nominal exchange rates, thus these countries can correct for real exchange rate overvaluation only through internal devaluation or an exit from the euro area. This paper focuses on equilibrium exchange rates for Greece and Ireland since their entrance into the euro area until the end of the year 2011. To examine the real exchange rate misalignment for Greece and Ireland towards the rest of the euro area, the concepts of Behavioral Equilibrium Exchange Rate (BEER) and Permanent Equilibrium Exchange Rate (PEER) areapplied. We find that the real exchange rate of both Greece and Ireland was undervalued towards the euro around the time, when these countries entered the euro area. Further we uncover that for the rest of the period analyzed the Irish a
Czech name
—
Czech description
—

Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 30th International Conference Mathematical Methods in Economics 2012
ISBN
978-80-7248-779-0
ISSN
—
e-ISSN
—
Number of pages
6
Pages from-to
715-720
Publisher name
Silesian University in Opava, School of Business Administration in Karviná
Place of publication
Karviná
Event location
Karviná
Event date
Jan 1, 2012
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
316715900123

Similar results(10)