Currency option implied volatility predicts more efficiently exchange rate volatility for the Polish zloty relative to … GARCH model shows a positive impact of the introduction of the Euro on exchange rate volatility for the Polish zloty … (negative for the Czech koruna), related to its larger exposure to external shocks. For countries in transition to Euro …

This paper examines opposing views on the euro's challenge to the dollar as an international currency. One view … euro has significantly overtaken the legacy currencies as a reserve currency. Generally, large economic size alone is … insufficient to challenge the network externalities supporting vehicle currencies, but scope exists for the euro to advance as an …

estimation results show not only that volatilities are different between the two regimes but also that some of the cross …

derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national … currency with the euro, but can choose when to request permission to do so). For most of these countries, adopting the euro … convergence with the rest of the euro area. …

several of their features were nonetheless specific to this part of the world. These banking crises were the very prototype of …

estimation finds these economic indicators to be significant for emerging market countries during the Mexican, Asian, and Russian …

effectiveness of financial safety nets, fostered foreign currency demand, and accelerated a currency crisis, thereby further … triple banking, currency, and fiscal crisis. …