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| Author: | Bruha, J. Podpiera, J. |
| Title: | Real exchange rates in emerging economies: The role of different investment margins |
| Journal: | Economics of transition
2010 : VOL. 18:3, p. 599-628 |
| Index terms: | emerging markets transition economies exchange rates investments models Europe |
| Language: | eng |
| Abstract: | This paper analyses the role of various investment margins in explaining the real exchange rate appreciation recorded in European transition countries. A model introducing a quality investment margin is presented. It is shown that the margin is needed for replicating the observed pace of real exchange rate appreciation. |
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