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dc.contributor.authorBelke, Ansgar
dc.contributor.authorSetzer, Ralph
dc.date.accessioned2012-02-10T14:44:34Z
dc.date.available2012-02-10T14:44:34Z
dc.date.issued2003
dc.identifier.citationBelke, Ansgar; Setzer, Ralph. 'Costs of exchange rate volatility for labour markets: empirical evidence from the CEE economies'. - Economic & Social Review, Vol. 34, No. 3, Winter, 2003, pp. 267?292, Dublin: Economic & Social Research Institute
dc.identifier.issn0012-9984
dc.identifier.otherJEL E43
dc.identifier.otherJEL J23
dc.identifier.urihttp://hdl.handle.net/2262/62139
dc.descriptionThis paper was presented at the Seventeenth Annual Irish Economic Association Conference, 25?27 April 2003 in Limerick
dc.description.abstractAccording to the traditional `optimum currency area? approach, little will be lost from a very hard peg to a currency union if there is little reason for using the exchange rate in response to economic shocks. This paper takes a different approach and highlights the fact that high exchange rate volatility may as well signal high costs for labour markets. The impact of exchange rate volatility on labour markets in the CEECs is analysed, finding that volatility vis-a-vis the euro significantly increases unemployment. Hence, the elimination of exchange rate volatility could be considered as a substitute for the removal of employment protection legislation.en
dc.language.isoen
dc.publisherEconomic & Social Studies
dc.relation.ispartofVol.XX, No. XX, Issue, Year
dc.sourceEconomic & Social Reviewen
dc.subjectExchange ratesen
dc.subjectLabour marketen
dc.subjectCentral Europeen
dc.subjectEastern Europeen
dc.subjectVolatilityen
dc.subjectEconomic shocksen
dc.titleCosts of exchange rate volatility for labour markets: empirical evidence from the CEE economies
dc.typeConference Paper
dc.typeJournal Article
dc.publisher.placeDublinen


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