Hidden Bibliographic Details
| Other authors / contributors: | Buliř, Aleš, author.
Šmídková, Kateřina, author.
IMF Institute, issuing body.
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| ISBN: | 9781455260669
1455260665
9781455205288
1455205281
1282847422
9781282847422
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| Notes: | Includes bibliographical references (pages 16-17).
Print version record.
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| Summary: | The Great Recession affected export and import patterns in our sample countries, and these changes, coupled with a more volatile external environment, have profound impact on our estimates of real exchange rate misalignments and projections of sustainable real exchange rates. We find that real misalignments in several countries with pegged exchange rates and excessive external liabilities widened relative to earlier estimates. While countries with balanced net trade positions are expected to continue to experience appreciation during 2010-2014, several currencies are likely to require real depreciation to maintain sustainable net external debt. Our estimates point to somewhat larger disequilibria than those of IMF country teams, however, any estimates of equilibrium exchange rates are subject to sizable uncertainty.
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| Other form: | Print version: Smídková, Katerina. Sustainable Real Exchange Rates in the New EU Member States: What did the Great Recession Change? Washington : International Monetary Fund, ©2010 9781455205288
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