Přehled o publikaci
2012
Impact of the real exchange rate on Czech trade
ŽÍDEK, Libor and Daniel NĚMECBasic information
Original name
Impact of the real exchange rate on Czech trade
Authors
ŽÍDEK, Libor and Daniel NĚMEC
Edition
Karviná, Proceedings of the 30th International Conference Mathematical Methods in Economics 2012, p. 1039-1044, 6 pp. 2012
Publisher
Silesian University in Opava, School of Business Administration in Karviná
Other information
Language
English
Type of outcome
Proceedings paper
Field of Study
Economics
Country of publisher
Czech Republic
Confidentiality degree
is not subject to a state or trade secret
Publication form
printed version "print"
References:
Marked to be transferred to RIV
Yes
RIV identification code
RIV/00216224:14560/12:00060921
Organization
Ekonomicko-správní fakulta – Repository – Repository
ISBN
978-80-7248-779-0
UT WoS
Keywords in English
real exchange rate; foreign trade; Czech economy
Changed: 1/9/2020 12:53, RNDr. Daniel Jakubík
Abstract
In the original language
Since the beginning of the transformation process in 1990, the Czech crown has operated in several different exchange rate regimes. The Czech currency appreciated in real terms in all of the regimes. The cause was higher inflation in the Czech economy compared to inflation rates in the trading partners’ economies dur-ing the periods of the fixed regimes. Later on, the main cause was in nominal appre-ciation of the crown. It is surprising that in the meantime Czech exports were in-creasing enormously (in absolute terms as well as percentage of GDP). The goal of the article will be to analyse and explain the seemingly positive impact of real ex-change rate on the development of Czech foreign trade. The cointegrating (long-run) relations are estimated using Johansen's multivariate procedure. Estimates of the short-run dynamics are obtained using the error-correction techniques.
