Impact of the real exchange rate on Czech trade

D 2012

Impact of the real exchange rate on Czech trade

ŽÍDEK, Libor a Daniel NĚMEC

Základní údaje

Originální název

Impact of the real exchange rate on Czech trade

Autoři

ŽÍDEK, Libor a Daniel NĚMEC

Vydání

Karviná, Proceedings of the 30th International Conference Mathematical Methods in Economics 2012, od s. 1039-1044, 6 s. 2012

Nakladatel

Silesian University in Opava, School of Business Administration in Karviná

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50200 5.2 Economics and Business

Stát vydavatele

Česká republika

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

tištěná verze "print"

Odkazy

Conference proceedings

Označené pro přenos do RIV

Ano

Kód RIV

RIV/00216224:14560/12:00060921

Organizační jednotka

Ekonomicko-správní fakulta

ISBN

978-80-7248-779-0

UT WoS

000316715900178

Klíčová slova anglicky

real exchange rate; foreign trade; Czech economy

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 15. 5. 2013 13:54, doc. Ing. Daniel Němec, Ph.D.

Anotace

V originále

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.

Přiložené soubory

ZidekREV.doc Verze souboru

Citovat

ŽÍDEK, Libor a Daniel NĚMEC. Impact of the real exchange rate on Czech trade. In Ramík, J. and Stavárek, D. Proceedings of the 30th International Conference Mathematical Methods in Economics 2012. Karviná: Silesian University in Opava, School of Business Administration in Karviná, 2012, s. 1039-1044. ISBN 978-80-7248-779-0.

@inproceedings{992586,
   author = {Žídek, Libor and Němec, Daniel},
   address = {Karviná},
   booktitle = {Proceedings of the 30th International Conference Mathematical Methods in Economics 2012},
   editor = {Ramík, J. and Stavárek, D.},
   keywords = {real exchange rate; foreign trade; Czech economy},
   howpublished = {tištěná verze "print"},
   language = {eng},
   location = {Karviná},
   isbn = {978-80-7248-779-0},
   pages = {1039-1044},
   publisher = {Silesian University in Opava, School of Business Administration in Karviná},
   title = {Impact of the real exchange rate on Czech trade},
   url = {http://mme2012.opf.slu.cz/proceedings/pdf/178_Zidek.pdf},
   year = {2012}
}

TY  - CONF
ID  - 992586
AU  - Žídek, Libor - Němec, Daniel
PY  - 2012
TI  - Impact of the real exchange rate on Czech trade
PB  - Silesian University in Opava, School of Business Administration in Karviná
CY  - Karviná
SN  - 9788072487790
KW  - real exchange rate
KW  - foreign trade
KW  - Czech economy
UR  - http://mme2012.opf.slu.cz/proceedings/pdf/178_Zidek.pdf
L2  - http://mme2012.opf.slu.cz/proceedings/pdf/178_Zidek.pdf
N2  - 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.
ER  -

ŽÍDEK, Libor a Daniel NĚMEC. Impact of the real exchange rate on Czech trade. In Ramík, J. and Stavárek, D. \textit{Proceedings of the 30th International Conference Mathematical Methods in Economics 2012}. Karviná: Silesian University in Opava, School of Business Administration in Karviná, 2012, s.~1039-1044. ISBN~978-80-7248-779-0.

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