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Exchange rate stability was defined as one of the prerequisites for monetary integration in Europe. In this paper, we … analyze recent developments in the volatility of exchange rates of the Central European countries (the Visegrad Group) and a … exchange rate volatility: squared returns parametric model and GARCH. Both methods provide identical results for the currencies …
Persistent link: https://www.econbiz.de/10009477538
greatly reduces volatility within such an informal “currency area”. Our theoretical findings are supported by empirical …
Persistent link: https://www.econbiz.de/10009477062
across the distribution of wages in Ukraine during communism (1986), the start of transition (1991), and after Ukraine …
Persistent link: https://www.econbiz.de/10009476952
Paper addresses the recent initiatives of EU Lisbon Agenda to increase level of R&Dexpenses in EU Member States by studying firm-level panel data in most advancedtransition economy, Slovenia. Previous empirical literature - mainly cross-sectional - has tested the demand-pull hypothesis and found...
Persistent link: https://www.econbiz.de/10009477217
across the distribution of wages in Ukraine during communism (1986), the start of transition (1991), and after Ukraine …
Persistent link: https://www.econbiz.de/10009477321
studying firm-level panel data in most advanced transition economy, Slovenia. Previous empirical literature - mainly cross …
Persistent link: https://www.econbiz.de/10009477356
volatility clustering, non-linearity, non-normality and asymmetry. Our results suggest that exchange rate behaviour in these … areinfluenced by similar factors. In order to justify the applicability of a number of volatility modelling techniques, we also … the volatility of exchange rate in these countries.We however observed that the ARCH family of models does not always …
Persistent link: https://www.econbiz.de/10009463509
transition economy and economies of different factor abundance and technology profile. A further crucial point of consideration …
Persistent link: https://www.econbiz.de/10009471913
This paper examines the impact of multinational trade accords on the degree of stock market linkage using NAFTA as a case study. Besides liberalizing trade among the U.S., Canada and Mexico, NAFTA has also sought to strengthen linkage among stock markets of these countries. If successful, this...
Persistent link: https://www.econbiz.de/10009447946
Traditional macroeconometric models of the Australian economy estimate the behaviour of wage and price inflation separately, thereby ignoring the possibility that there is a contemporaneous relationship between these two variables. This thesis follows a recent trend emerging in other small open...
Persistent link: https://www.econbiz.de/10009438087