Publikation:

Exchange Rate Movements and Employment Growth : An OCA Assessment of the CEE Economies

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Belke_284977.pdf
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Datum

2004

Autor:innen

Belke, Ansgar

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URI (zitierfähiger Link)
http://nbn-resolving.de/urn:nbn:de:bsz:352-284977
DOI (zitierfähiger Link)
https://doi.org/10.1007/s10663-004-0886-5
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Wirtschaftswissenschaften: Publikationen
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Published

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Empirica. 2004, 31(2-3), pp. 247-280. ISSN 0340-8744. eISSN 1573-6911. Available under: doi: 10.1007/s10663-004-0886-5

Zusammenfassung

According to the traditional “optimum currency area” approach, not much will be lost from a very hard peg to a currency union if there has been little reason for variations in the exchange rate in the past. This paper takes a different approach and highlights the fact that high exchange rate volatility may also signal high costs for labor markets. The impact of exchange rate volatility on labor markets in the CEECs is analyzed, revealing that volatility vis-à-vis the euro significantly lowers employment growth. Hence, eliminating exchange rate volatility could be considered a substitute for removing employment protection legislation.

Zusammenfassung in einer weiteren Sprache

Fachgebiet (DDC)
330 Wirtschaft

Schlagwörter

Central and Eastern Europe, currency union, euroization, exchange rate variability, job creation

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ISO 690BELKE, Ansgar, Leo KAAS, 2004. Exchange Rate Movements and Employment Growth : An OCA Assessment of the CEE Economies. In: Empirica. 2004, 31(2-3), pp. 247-280. ISSN 0340-8744. eISSN 1573-6911. Available under: doi: 10.1007/s10663-004-0886-5
BibTex
@article{Belke2004Excha-28497,
  year={2004},
  doi={10.1007/s10663-004-0886-5},
  title={Exchange Rate Movements and Employment Growth : An OCA Assessment of the CEE Economies},
  number={2-3},
  volume={31},
  issn={0340-8744},
  journal={Empirica},
  pages={247--280},
  author={Belke, Ansgar and Kaas, Leo}
}
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