In this paper, we present an overview of a number of issues relating to the equilibrium
exchange rates of transition economies of the former soviet bloc. In particular, we present a …

First published in 2007. Exchange Rate Economics: Theories and Evidence is the second
edition of Floating Exchange Rates: Theories and Evidence, and builds on the successful …

This chapter sets out to examine the concept of equilibrium exchange rates. Empirical
estimates of equilibrium exchange rates are frequently cited in policy-related discussions of …

The ambition of this paper is to provide a thorough overview of equilibrium exchange rates
in the acceding countries of Central and Eastern Europe. Therefore, theoretical models of …

House price bubbles, and their aftermath, have become a focus of macro-economic policy
concern in most developed countries. This book elucidates the two-way relationship …

In simple backward-looking structural models of the economy the optimal monetary policy
rule is given by a Taylor-type interest rate rule, with the interest rate being a function of …

Drawing on the lessons from the global financial crisis and especially from its impact on the
banking systems of Eastern Europe, the paper proposes a new practical approach to …

This paper presents an empirical analysis of the medium–term determinants of the euro
effective exchange rate. The empirical analysis builds on synthetic quarterly data from 1975 …

Abstract Building upon a Behavioural Equilibrium Exchange Rate model, estimated at a
quarterly frequency since 1999 on a broad sample of 57 countries, this paper assesses both …

Exchange rate pass-through and real exchange rate in EU candidate countries Zsolt Darvas
Page 1 Exchange rate pass-through and real exchange rate in EU candidate countries Zsolt …