engleski

Current Account Balance and Export Performances in New EU Countries - Does Exchange Rate Regime Matter

During the time before the crisis (sometimes referenced as recession or downturn) period SLovakia, Hungary, Czech Republic and Slovenia were the top exporteres among new EU memberes. All of them were characterized by flexible exchange rate regime and question "Did it stimulate export became justifiable". In spite of the fact that exchange rateis notonly one export determinant, our research interest is led by differences in exchange rate regimes. ALthough, all new EU members faced with real appreciation, our results show that countries with flexible exchange ratehabe better export performance. The results also show that movements in current account are mainly driven by domestic variables.

current account balance; export; panel analysis; effective exchange rate; economic growth

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