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On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a …
Persistent link: https://www.econbiz.de/10011710723
rate risk premiums in the EU candidate countries as they undergo monetary convergence to the eurozone. The underlying …. Recent trends in these risk premiums in Hungary, the Czech Republic and Poland are tested by using the GARCH (1 …
Persistent link: https://www.econbiz.de/10010519049
We analyse the impact of news on five financial markets in the Czech Republic, Hungary and Poland using a newly … strongest impact on financial markets in Hungary, while political news has the largest influence in both Hungary and Poland …. -- Financial markets ; Czech Republic ; Hungary ; Poland ; political news ; macroeconomic shocks ; European Monetary Union …
Persistent link: https://www.econbiz.de/10003865756
, Hungary, and Poland (CEEC-3) from 1999 to 2006. Using a GARCH model, we examine the impact on daily returns of three … confirms our main results. -- Financial Markets ; Czech Republic ; Hungary ; Poland ; Macroeconomic News ; European Monetary …
Persistent link: https://www.econbiz.de/10003849424
rate risk premiums in the EU candidate countries as they undergo monetary convergence to the eurozone. The underlying …. Recent trends in these risk premiums in Hungary, the Czech Republic and Poland are tested by using the GARCH (1 …
Persistent link: https://www.econbiz.de/10014066925
Persistent link: https://www.econbiz.de/10002550187
Persistent link: https://www.econbiz.de/10013262620
This paper analyses the effects of two alternative monetary strategies (exchange rate targeting and inflation targeting) on economic growth and employment. On the panel of 18 countries for the period from 1996 to 2013, I tested the hypothesis that countries in exchange rate targeting have a...
Persistent link: https://www.econbiz.de/10012305750
if the economy is relatively open. Optimal degree of conservativeness depends on shock selected for stabilization and on …
Persistent link: https://www.econbiz.de/10014074036
Abandoning an objective function with multiple targets and adopting a single mandate can be an effective way for a central bank to overcome the classic time-inconsistency problem. We show that the choice of a particular single mandate depends on an economy's level of trade openness and the...
Persistent link: https://www.econbiz.de/10012924808