Showing 1 - 10 of 625
We investigate the exchange rate volatility of six Central and Eastern European countries (CEEC) between 1994 and 2004 …
Persistent link: https://www.econbiz.de/10005405250
The objective of this paper is to test the exchange rate regime – growth nexus in transition economies by looking if and how some inherent characteristics of the transition process might have affected the de-facto classifications of exchange rate regimes. 28 transition countries of Central and...
Persistent link: https://www.econbiz.de/10011109541
We estimate monetary policy rules for six central and eastern European countries (CEEC) by taking changes in the policy …
Persistent link: https://www.econbiz.de/10005464761
In this article we use a Markov Switching model with two lags to identify and to compare the business cycle in Romania, Czech Republic, Hungary and Poland using data on industrial production for the 1991-2011 period. We use a model with two regimes that reflect the economic expansions and...
Persistent link: https://www.econbiz.de/10010602507
This paper presents new evidence on the dynamics of dollarization and euroization for twenty-five transition countries. Estimates of the amount of foreign currency in circulation (FCC) in transition countries are used to develop a new comprehensive dollarization index (CDI) and separate indices...
Persistent link: https://www.econbiz.de/10005076821
This paper reviews the main features of the banking and financial sector in ten new EU members, and then examines the relationship between financial development and economic growth in these countries by estimating a dynamic panel model over the period 1994-2007. The evidence suggests that the...
Persistent link: https://www.econbiz.de/10011096765
This paper investigates the mean reversion in real exchange rates for Central and Eastern European countries. In contrast to previous studies, we use the local-persistent model to measure the half-life. We find that the adjustment to purchasing power parity is more rapid after accounting for...
Persistent link: https://www.econbiz.de/10011079227
This paper discusses and evaluates the associated cost with the future integration of Romania into EMU, namely the loss of seignorage. The author shows that most of the transitional period the National Bank of Romania has conducted its monetary policy in a hostile economic environment, which did...
Persistent link: https://www.econbiz.de/10005612200
The main objective of the proceeding is to perform a logical decomposition of the structure of external capital inflows and outflows in the Slovak republic in order to analyze the main trends in the external financial integration and its development through the period of 1994-2006. In order to...
Persistent link: https://www.econbiz.de/10005616616
We analyse foreign bank penetration in Central and Eastern Europe (CEE)and its influence on private sector credit,taking into account both cross-border credit and credit by foreign bank subsidiaries. By combining BIS and BankScope data into a unique database we make a clear distinction between...
Persistent link: https://www.econbiz.de/10005124938