Please use this identifier to cite or link to this item:
http://dspace.mediu.edu.my:8181/xmlui/handle/10419/20273| Title: | Exchange Rate Volatility and Employment Growth : Empirical Evidence from the CEE Economies |
| Keywords: | P27 J32 F36 ddc:330 Central and Eastern Europe currency union euroization exchange rate variability job creation Wechselkurs Volatilität Wechselkurssystem Europäische Wirtschafts- und Währungsunion Beschäftigungseffekt Arbeitsmarktflexibilisierung Schätzung Osteuropa |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | According to the traditional 'optimum currency area' approach, not much will be lost from a very hard peg to a currency union if there has been little reason for variations in the exchange rate. This paper takes a different approach and highlights the fact that high exchange rate volatility may as well signal high costs for labor markets. The impact of exchange rate volatility on labor markets in the CEECs is analyzed, finding that volatility vis?- vis the euro significantly lowers employment growth. Hence, the elimination of exchange rate volatility could be considered as a substitute for a removal of employment protection legislation. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/20273 |
| Other Identifiers: | http://hdl.handle.net/10419/20273 ppn:380020254 |
| Appears in Collections: | EconStor |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.