Adarov, Amat; Astrov, Vasily; Çiçek, Serkan; … - Wiener Institut für Internationale … - 2015
that the countries with floating exchange rates fare better in the medium to long term. They tend to avoid irreversible … currency overvaluation, whereas the countries with fixed exchange rates do not quite avert it. It is argued, however, that … despite the rigidity of the exchange rates, overvaluation can be avoided – at least in the medium term. All the CESEE …