سال انتشار:
2021
عنوان انگلیسی مقاله:
Current account drivers and exchange rate regimes in Central and Eastern Europe
ترجمه فارسی عنوان مقاله:
پیش برندگان دحساب جاری و رژیم های نرخ ارز در اروپای مرکزی و شرقی
منبع:
ScienceDirect- Elsevier- Journal of International Money and Finance, 110 (2021) 102286: doi:10:1016/j:jimonfin:2020:102286
نویسنده:
Kersti Harkmann
چکیده انگلیسی:
The paper seeks to determine the factors that drive the current account dynamics of the 11
EU members from Central and Eastern Europe (CEE). Panel data models are estimated on
annual data for the period 1997–2017 and both domestic pull factors and external push
factors are included. The models are, as a key innovation, estimated separately for floating
and fixed exchange rate regimes. The current account exhibits substantial persistence in
both cases. For the floaters, the current account is driven by domestic factors while external factors appear unimportant. For the fixers, the current account is mainly driven by
external factors, suggesting there is substantial vulnerability to external developments.
The analysis underscores the importance of the exchange rate regime for the drivers of
the current account balance in the CEE countries.
keywords: تعادل حساب جاری | رژیم نرخ ارز | سیاست های اقتصادی | مرکزی و اروپای شرقی | Current account balance | Exchange rate regime | Economic policies | Central and Eastern Europe
قیمت: رایگان
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