In this article we estimate the equilibrium level of the exchange rates of the Ukrainian hryvnia to the euro, US dollar and Russian ruble over the period from 4Q2001 to 1Q2010. We apply CHEER and BEER approaches employing a VAR model. Our results suggest that the hryvnia was mostly overvalued...

The fragmentation of the product life cycle and production processes in general opens up greater possibilities of technology transfer into Central and Eastern European economies. It may also speed up the process of catching up. Using case studies in three countries of Central Europe and in...