-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 …

This dissertation studies the Economic and Monetary Union (EMU) and itseffects on foreign exchange markets and … I find that PPP during the common currency regimeholds in fewer EMU countries than during the alternative exchange rate … after the introduction of the euro for the EMU countries asopposed to the non-EMU countries. I do not obtain strong evidence …

This paper studies the Balassa-Samuelson effect in 9 CEECs . Using panel cointegration techniques, we find strong …

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 …

reason for concern about the credible enforcement of the stability pact in future EMU. A game-theoretic approach supports …