Lessons From the Euro Area
Writing in leading Hungarian business daily Világgazdaság, Resident Fellow Zsolt Darvas examines what the financial crisis has taught us about various euro-area economies and what lessons that holds for Hungary's possible accession into the euro zone. Despite the difficulties of Greece, Ireland and others, he argues, adopting the euro is still the best option for Hungary, while the Czech Republic and Poland would benefit from staying outside the euro area for a longer period.
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Real effective exchange rates for 178 countries
Using alternative data sources for exchange rates and consumer prices, we calculate REER for 177 countries monthly and 178 countries annually