Kočenda, Evžen; Maurel, Mathilde; Schnabl, Gunther - 2012 - Version: 22 November 2012
The European sovereign debt crisis revived the discussion concerning the pros and cons of exchange rate adjustment in … the face of asymmetric shocks. Exit from the euro area is to regain rapidly international competitiveness. Exchange rate … long-term growth effects of exchange rate flexibility in a panel-cointegration framework. Countries with a high degree of …