the paper is to revisit the classical dividend theories in the context of the EU-28 countries over a 9 year timeframe …

-switching GARCH model this paper estimates the volatility processes of four EMU exchange rate returns vis-à-vis the German mark using … daily data for the time prior to Stage III of EMU. Statistical inference yields the dates at which financial markets began … to incorporate the expected EMU participation of each country into currency pricing. The data exhibits strong econometric …

In this paper, we investigate empirically the relationship between inflation and inflation uncertainty in twelve EMU …

policy regime change associated with the start of EMU in 1999. The main findings are as follows. Steady-state inflation and … inflation uncertainty have declined steadily since the inception of EMU, whilst short-run uncertainty has increased, mainly …

This paper explores the conflict of real and monetary convergence during the EMU run-up of the future Central and … Eastern European (CEE) EU member states. Based on a Balassa-Samuelson model of productivity driven inflation, it compares the …