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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.
SCIMA record nr: 269650
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