Kemme, David; Roy, Saktinil - 2006
real exchange rate misalignments for Poland and Russia during the 1990s using the Beveridge and Nelson (1981) decomposition … generate different levels of misalignment and different responses to exogenous shocks. The average misalignment in Russia is … crisis. The half life of an exogenous shock is found to be much shorter for Poland than for Russia in the pre-crisis period …