Most European transition countries have fixed or highly managed flexible exchange rate regimes. This exchange rate rigidity is sometimes argued to worsen the trade balance by keeping the currency overvalued. However. there is no unambiguous evidence that currency depreciation/devaluation positively affects trade balance and leads towards the adjustment. https://hollandscountryclothinges.shop/product-category/shoes/
The adverse effect of real effective exchange rate change on trade balance in European transition countries
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