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The monetary approach to exchange rates in the CEECs

Crespo Cuaresma, Jesús; Fidrmuc, Jarko; MacDonald, Ronald - 2003

A panel data set for six Central and Eastern European countries (the Czech Republic, Hungary, Poland, Romania, Slovakia and Slovenia) is used to estimate the monetary exchange rate model with panel cointegration methods, including the Pooled Mean Group estimator, the Fully Modified Least Square...

Persistent link: https://www.econbiz.de/10012148459

The monetary approach to exchange rates in the CEECs

Crespo-Cuaresma, Jesús; Fidrmuc, Jarko; McDonald, Ronald - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2003

Persistent link: https://www.econbiz.de/10005648580

The monetary approach to exchange rates in the CEECs

Crespo-Cuaresma, Jesús; Fidrmuc, Jarko; McDonald, Ronald - EconWPA - 2004

Persistent link: https://www.econbiz.de/10005561077

Business Cycle Synchronisation in a Currency Union: Taking Stock of the Evidence

Fidrmuc, Jarko; Campos, Nauro F.; Korhonen, Iikka - 2018

introduction of the euro in 1999 to 0.6 afterwards; (2) this increase occurred in both euro and non-euro countries (larger in … euro accounted for approximately half of the observed increase in synchronisation. …

Persistent link: https://www.econbiz.de/10011892113

Business cycle synchronisation and currency unions : a review of the econometric evidence using meta-analysis

Campos, Nauro; Fidrmuc, Jarko; Korhonen, Iikka - In: International review of financial analysis 61 (2019), pp. 274-283

Persistent link: https://www.econbiz.de/10012207006

The Endogeneity of the Optimum Currency Area Criteria, Intraindustry Trade, and EMU Enlargement

Fidrmuc, Jarko - 2001

This paper tests the endogeneity hypothesis of OCA criteria (Frankel and Rose, 1998) in a cross-section of OECD countries between 1990 and 1999. It is shown that intraindustry trade actually causes the convergence of business cycles, while there is no direct relation between business cycles and...

Persistent link: https://www.econbiz.de/10010313398

The Endogeneity of the Optimum Currency Area Criteria, Intraindustry Trade, and EMU Enlargement

Fidrmuc, Jarko - LICOS Centre for Institutions and Economic Performance, … - 2001

Persistent link: https://www.econbiz.de/10005163392

The Endogenity of the Optimum Currency Area Criteria, Trade, and Labour Market Rigidities: Implications for EMU Enlargement

Fidrmuc, Jarko - Robert Schuman Centre for Advanced Studies (RSCAS), … - 2004

This paper analyzes two channels of business cycle convergence, which are subsequently applied to the EU acceding countries. First, trade intensity and intra-industry trade is found to induce a convergence of business cycles. This finding confirms the OCA endogeneity hypothesis. Second, labor...

Persistent link: https://www.econbiz.de/10005029417

Fidrmuc, Jarko; Korhonen, Iikka - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2001

We assess the correlation of supply and demand shocks between the countries of the euro area and the accession … some accession countries have a quite high correlation of the underlying shocks with the euro area. However, even for many … much higher correlation with the core euro area countries than in the previous decades. Continuing integration within the …

Persistent link: https://www.econbiz.de/10005419582

The Endogeneity of optimum currency area criteria, intraindustry trade and EMU enlargement

Fidrmuc, Jarko - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2001

This paper tests an endogeneity hypothesis of optimum currency area (OCA) criteria (Frankel and Rose, 1998) on a cross-section of OECD countries between 1990 and 1999. The findings indicate that convergence of business cycles relates to intra-industry trade, but has no direct relation between...

Persistent link: https://www.econbiz.de/10005419617