| Author(s): |
prof. Roman Horváth Ph.D., Zuzana Kucerova
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| Type: |
Articles in journals with impact factor |
| Year: |
2005 |
| Number: |
0 |
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| Published in: |
Czech Journal of Economics and Finance, pp.253-266 |
| Publishing place: |
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| Keywords: |
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| JEL codes: |
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| Suggested Citation: |
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| Abstract: |
In this paper we link real exchange rates and optimum currency area criteria. We examine the hypothesis that the countries fulfilling optimum currency area criteria to a lesser extent will tend to have a bilaterally more volatile real exchange rate. We find that optimum currency criteria (such as trade integration, asymmetry of shocks or openness) explain bilateral real exchange rate variation to a large extent in our data from developed economies from the 1990s. |
