floating exchange rate has brought about an even more volatile exchange rate. We examine the causal link between export … performance and exchange rate volatility across different monetary policy regimes within the cointegrated VAR framework using the … implied conditional variance from a GARCH model as a measure of volatility. Although treating the volatility measure as either …

and nominal exchange rates are used, where Ireland, Portugal, Spain, Greece, Poland, Czech Republic, Slovenia and Hungary … for Poland are identified. Conversely, for Slovenia, Hungary, Ireland and Spain merely short-term links resulted … are included in the analysis. From the cointegration analysis and VAR analysis both long-term links and short-term links …

Visegrad new EU countries. Recent unit root and cointegration techniques with structural breaks in the data have been used. The … CHEER approach is empirically validated only for the Czech Republic, while for Poland and Slovakia there is evidence of … contrast, such a relationship cannot be identified for Hungary …