states of the EMU before and after the start of the EMU. Various panel and univariate country-specific tests show that the … components are not cointegrated. It is argued that these results question the operability of the EMU under the current policy …This paper analyses the time series behavior of the components of the real exchange rates between the founding member …

anchored by the market expectations for their euro locking rates in the period from December 15, 2004, to August 3, 2006. First … rate, market expectations for the euro locking rate and locking date. Then the expected fi nal conversion rates are fi …This paper examines whether the exchange rates of the Czech koruna, the Hungarian forint and the Polish z?oty were …

the EMU before and after the start of the EMU. Various panel and univariate country-specific tests show that the levels of … are not cointegrated. It is argued that these results question the operability of the EMU under the current policy regime …The article "The Time Series Properties of the Real Exchange Rates Between the Member States of the European Monetary …

This study utilizes variance ratio tests based on the subsampling approach to test the behaviour of euro-based exchange … rates markets. Results are mixed, although the random walk behaviour is dominant among the three major currencies namely the …

This paper analyses the nature and extent of interdependence, and return and volatility spillovers, in three euro … exchange rates, namely the US dollar, Japanese yen and British pound sterling. Using the realised variance method in order to …

This paper investigates the dynamic, short-run response of Euro exchange rate returns to the information surprise of … min before and after. These findings show that exchange rates are strongly linked to fundamentals in the 5-min intervals …