El-Shagi, Makram; Lindner, Axel; Schweinitz, Gregor von - Institut für Wirtschaftsforschung Halle (IWH) - 2014
Were real effective exchange rates (REER) of Euro area member countries drastically misaligned at the outbreak of the … linear combination of a large set of non-Euro area countries. We find that Euro area crisis countries are best described by a …