tag:blogger.com,1999:blog-2938311055760665357.post8541987927958046905..comments2024-03-27T03:49:12.592-07:00Comments on Ed Dolan's Econ Blog: Why Exchange Rates Matter in a Crisis: Latvia vs. the Czech RepublicEd Dolanhttp://www.blogger.com/profile/08757995049056872214noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2938311055760665357.post-28986883141756710652010-10-16T02:52:27.515-07:002010-10-16T02:52:27.515-07:00This comment has been removed by a blog administrator.Unknownhttps://www.blogger.com/profile/03733627654670310392noreply@blogger.comtag:blogger.com,1999:blog-2938311055760665357.post-89143390436925950122010-05-29T10:32:11.452-07:002010-05-29T10:32:11.452-07:00Perhaps I’m biased but Poland is an even better co...Perhaps I’m biased but Poland is an even better counterexample than the Czech Republic. It devalued the most with respect to the euro of any EU member with a flexible exchange rate between July 2008 and March 2009. Probably as a result it is the only EU member to have completely avoided a recession and unemployment has risen the least of any EU member since 2007.<br /><br />Estonia was recently rewarded for its tenacity in holding the peg with admission to the eurozone in January, 2011. It seems the only way to gain admission to the eurozone these days to put your economy into a depression.<br /><br />Mark A. SadowskiMark A. Sadowskihttps://www.blogger.com/profile/08259309059705236763noreply@blogger.com