Belke, Ansgar; Kaas, Leo; Setzer, Ralph - C.E.P.R. Discussion Papers - 2004
fact that high exchange rate volatility may as well signal high costs for labour markets. The impact of exchange rate … volatility on labour markets in the CEECs is analysed, finding that volatility vis-à-vis the euro significantly lowers employment … important for labour markets as a removal of employment protection legislation. …