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Behavioral Equilibrium Exchange Rates: Re-Estimation for the Euro Area Countries

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F15%3A43906747" target="_blank" >RIV/62156489:43110/15:43906747 - isvavai.cz</a>

  • Result on the web

    <a href="https://www.fundacionmapfre.org/documentacion/publico/i18n/catalogo_imagenes/grupo.cmd?path=1083273" target="_blank" >https://www.fundacionmapfre.org/documentacion/publico/i18n/catalogo_imagenes/grupo.cmd?path=1083273</a>

  • DOI - Digital Object Identifier

Alternative languages

  • Result language

    angličtina

  • Original language name

    Behavioral Equilibrium Exchange Rates: Re-Estimation for the Euro Area Countries

  • Original language description

    This paper focuses on estimating the long-run determinants of the real effective exchange rates for the euro area countries towards the rest of the euro area over the period 1999-2014. Our approach is based on the Behavioral Equilibrium Exchange Rate (BEER) concept, which uses cointegration to determine the long-run fundamentals of real exchange rates. Terms of trade, relative productivity differential between tradable and non-tradable sector and net foreigner assets are widely used as the main factorsaffecting the intra-euro-area real effective exchange rates. In contrast to the main body of empirical literature our estimates indicate a negative, albeit weak, relationship between net foreigner assets and intra-euro-area real effective exchange rates.Possible explanation for this phenomenon might be the accumulation of economic imbalances across the euro area during the period analyzed.

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

    AH - Economics

  • OECD FORD branch

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

    2015

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Article name in the collection

    Current Topics on Risk Analysis: ICRA6 and RISK 2015 Conference

  • ISBN

    978-84-9844-496-4

  • ISSN

  • e-ISSN

  • Number of pages

    8

  • Pages from-to

    647-654

  • Publisher name

    Fundación Mapfre

  • Place of publication

    Madrid

  • Event location

    Barcelona

  • Event date

    May 26, 2015

  • Type of event by nationality

    WRD - Celosvětová akce

  • UT code for WoS article