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@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 - JOUR
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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