On exchange rate misalignments in the Eurozone's peripheral countries
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F13%3A00205756" target="_blank" >RIV/62156489:43110/13:00205756 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1063/1.4825893" target="_blank" >http://dx.doi.org/10.1063/1.4825893</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1063/1.4825893" target="_blank" >10.1063/1.4825893</a>
Alternative languages
Result language
angličtina
Original language name
On exchange rate misalignments in the Eurozone's peripheral countries
Original language description
In this paper we model equilibrium exchange rates for the Eurozone's countries on the basis of the Behavioural Equilibrium Exchange Rate approach, which assumes, that equilibrium exchange rates are in the long run affected by economic fundamentals. To assess the degree of exchange rate misalignment for the Eurozone's peripheral countries -- Portugal, Ireland, Greece and Spain --the gap between the actual and the modelled equilibrium exchange rate valueis calculated. Our results show that Spain, Portugaland Ireland had their real exchange rates in equilibrium when they joined the Eurozone; however their real exchange rates have been persistently overvalued since the beginning of the 2000s. Greece, on the other hand, has experienced diminishing undervaluation at the beginning of its membership in the Eurozone and since 2009 has exhibited an overvalued real exchange rate.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/7E12049" target="_blank" >7E12049: Welfare, Wealth and Work for Europe</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
11th International Conference of Numerical Analysis and Applied Mathematics 2013: ICNAAM 2013, AIP Conference Proceedings
ISBN
978-0-7354-1184-5
ISSN
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e-ISSN
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Number of pages
4
Pages from-to
1863-1866
Publisher name
American Institute of Physics
Place of publication
Melville, New York
Event location
Rhodes, Greece
Event date
Sep 21, 2013
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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