About: Behavioral equilibrium exchange rate in Greece and Ireland

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An Entity of Type : http://linked.opendata.cz/ontology/domain/vavai/Vysledek, within Data Space : linked.opendata.cz associated with source document(s)

Attributes	Values
rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
rdfs:seeAlso	http://mme2012.opf.slu.cz/proceedings/proceedings.php
Description	Open macroeconomics sees real exchange rate as an important tool in maintaining macroeconomic balance. When euro area countries adopted the common currency euro, they have lost the opportunity to adjust their real exchange rates via changes in nominal exchange rates, thus these countries can correct for real exchange rate overvaluation only through internal devaluation or an exit from the euro area. This paper focuses on equilibrium exchange rates for Greece and Ireland since their entrance into the euro area until the end of the year 2011. To examine the real exchange rate misalignment for Greece and Ireland towards the rest of the euro area, the concepts of Behavioral Equilibrium Exchange Rate (BEER) and Permanent Equilibrium Exchange Rate (PEER) are applied. We find that the real exchange rate of both Greece and Ireland was undervalued towards the euro around the time, when these countries entered the euro area. Further we uncover that for the rest of the period analyzed the Irish and Greek real exchange rate was broadly in line with underlying fundamentals. Open macroeconomics sees real exchange rate as an important tool in maintaining macroeconomic balance. When euro area countries adopted the common currency euro, they have lost the opportunity to adjust their real exchange rates via changes in nominal exchange rates, thus these countries can correct for real exchange rate overvaluation only through internal devaluation or an exit from the euro area. This paper focuses on equilibrium exchange rates for Greece and Ireland since their entrance into the euro area until the end of the year 2011. To examine the real exchange rate misalignment for Greece and Ireland towards the rest of the euro area, the concepts of Behavioral Equilibrium Exchange Rate (BEER) and Permanent Equilibrium Exchange Rate (PEER) are applied. We find that the real exchange rate of both Greece and Ireland was undervalued towards the euro around the time, when these countries entered the euro area. Further we uncover that for the rest of the period analyzed the Irish and Greek real exchange rate was broadly in line with underlying fundamentals. (en)
Title	Behavioral equilibrium exchange rate in Greece and Ireland Behavioral equilibrium exchange rate in Greece and Ireland (en)
skos:prefLabel	Behavioral equilibrium exchange rate in Greece and Ireland Behavioral equilibrium exchange rate in Greece and Ireland (en)
skos:notation	RIV/62156489:43110/12:00190641!RIV13-MSM-43110___
http://linked.open...avai/riv/aktivita	Z
http://linked.open...avai/riv/aktivity	Z(MSM6215648904)
http://linked.open...vai/riv/dodaniDat	2013
http://linked.open...aciTvurceVysledku	Střelec, Luboš Plecitá, Klára
http://linked.open.../riv/druhVysledku	D - Článek ve sborníku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Mendelova univerzita v Brně / Provozně ekonomická fakulta
http://linked.open...dnocenehoVysledku	124638
http://linked.open...ai/riv/idVysledku	RIV/62156489:43110/12:00190641
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	BEER; PEER; equilibrium exchange rate (en)
http://linked.open.../riv/klicoveSlovo	PEER equilibrium exchange rate BEER
http://linked.open...ontrolniKodProRIV	[6500C8495139]
http://linked.open...v/mistoKonaniAkce	Karviná
http://linked.open...i/riv/mistoVydani	Karviná
http://linked.open...i/riv/nazevZdroje	Proceedings of the 30th International Conference Mathematical Methods in Economics 2012
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	2 (xsd:int)
http://linked.open...cetTvurcuVysledku	2 (xsd:int)
http://linked.open...UplatneniVysledku	2012
http://linked.open...iv/tvurceVysledku	Střelec, Luboš Plecitá, Klára
http://linked.open...vavai/riv/typAkce	WRD - Světová
http://linked.open...ain/vavai/riv/wos	316715900123
http://linked.open.../riv/zahajeniAkce	2012-01-01 (xsd:date)
http://linked.open...n/vavai/riv/zamer	The Czech Economy in the Process of Integration and Globalisation, and the Development of Agricultural Sector and the Sector of Services under the New Conditions of the Integrated European Market
number of pages	6 (xsd:int)
http://purl.org/ne...btex#hasPublisher	Slezská univerzita v Opavě. Obchodně podnikatelská fakulta v Karviné
https://schema.org/isbn	978-80-7248-779-0
http://localhost/t...ganizacniJednotka	43110

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