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Current-Account Surplus and Falling Competitiveness in Slovenia

  • Velimir Bole

Abstract

High real appreciation of the exchange rate is quite common in the later phases of stabilizing and restructuring economies in transition. A current-account surplus at the beginning also turns into a deficit almost systematically in transitional economies. Among these economies a great variety of exchange-rate regimes were enacted, monetary policy targets used, and fiscal stances achieved. Nevertheless, there was almost no exception in the described time path of current accounts and real exchange rates.

Keywords

Real Exchange Rate Relative Prex Trade Deficit Unit Labor Cost Tradable Sector 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Kluwer Academic Publishers 1999

Authors and Affiliations

  • Velimir Bole

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