Giannellis, Nikolaos; Papadopoulos, Athanasios - Department of Economics, University of Crete - 2005
exchange rate for Poland, Hungary, Slovak Republic and Malta through the BEER and PEER approaches. While the PEER …-based estimation implies a large misalignment rate for the Hungarian forint, the BEER-based analysis shows that the present exchange … rates of the countries considered do not deviate significantly from their equilibrium rates. As a consequence, based on BEER …