Exchange rates, prices, monetary policy and competitiveness
(WorldNews Belgium)

The impact of exchange rate fluctuations on prices and competitiveness is an important element to take into consideration in the monetary policy decision-making process. In this context, it is essential to quantify these effects and understand the channels they operate through. It is even more critical given that the European economies international environment has been subject to numerous changes over the last two decades, with the emergence of Economic and Union Monetary, the enlargement process and deeper European integration as well as globalisation of production processes and the greater exposure of developed economies to international trade. The research work presented in this...