Affiliation:
1. School of Business and Economics Loughborough University LE11 3TU Loughborough UK
2. Department of Economics and IEI Jaume I University Castelló Spain
3. Department of Economics and Finance Tallinn University of Technology Tallinn Estonia
Abstract
AbstractIn this article, we analyse the evolution of the real effective exchange rate (REER) as a measure of competitiveness for a group of Central and Eastern European countries. To do this, we employ unit‐root tests with breaks and estimate the equations with structural breaks. Our results show that even though the REERs have become flatter, which means less competitiveness is lost against main trading partners, they have also become less mean‐reverting, suggesting that shocks now tend to have longer effects.
Subject
Economics and Econometrics,Finance,Accounting
Cited by
1 articles.
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