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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 …
Persistent link: https://www.econbiz.de/10005248136
Since beginning economic transition, the Czech Republic, Estonia, Hungary, Poland, and Slovenia have—with much success …
Persistent link: https://www.econbiz.de/10005264251
have driven movements in equilibrium real exchange rates in the Baltics since the start of the transition process. In the … earlier years of transition, price liberalization, increased demand for services and other nontradables, and shifts in …
Persistent link: https://www.econbiz.de/10005591344
) have also been generally favorable. Can CBAs serve these transition countries well all the way up to the adoption of the …
Persistent link: https://www.econbiz.de/10005605518
Persistent link: https://www.econbiz.de/10008495728
This paper analyzes disparities among nominal and real exchange rate movements across the Central and Eastern European (CEE) countries from 1991 to 1996. The method of analyzing such processes is to examine whether the differentials of exchange rate changes converge or diverge over time....
Persistent link: https://www.econbiz.de/10005062689
In our analysis, we examine the convergence of all recent ten European Union (EU) members to EU standards. Novel features of the paper include more complete measures of convergence, in particular fiscal convergence; a broader examination of inflation convergence with respect to the Maastricht...
Persistent link: https://www.econbiz.de/10010842907
An important condition for the transition to the free float and inflation targeting regime is the ability of the …'s exchange rate policy will allow judging the success of the institutional development which prepares a gradual transition to …
Persistent link: https://www.econbiz.de/10008526694
integration. Moreover, it seems that, in contrast to EMU, the benefit-cost balance of a move to monetary union is much less …
Persistent link: https://www.econbiz.de/10010727852
integration. Moreover, it seems that, in contrast to EMU, the benefit-cost balance of a move to monetary union is much less …
Persistent link: https://www.econbiz.de/10005802621