Showing 1 - 10 of 24,769
Exchange rate flexibility has facilitated an impressively fast insertion of the Czech koruna and the Polish zloty into the global currency market. However, exchange rate volatility patterns differ: Lower volatility is observed for the koruna against the euro relative to the U.S. dollar, while...
Persistent link: https://www.econbiz.de/10005826189
Persistent link: https://www.econbiz.de/10001734290
Persistent link: https://www.econbiz.de/10012486029
How much convergence has been achieved between Central and Eastern European (CEE) economies and the eurozone? We explore this question by comparing long-run volatility trends in CEE currencies and the euro. We find that these trends are closely correlated, pointing to convergence in the economic...
Persistent link: https://www.econbiz.de/10005605079
Persistent link: https://www.econbiz.de/10011477147
This paper analyzes the impact of the global crisis on six South-Eastern European countries. The main objective is to compare macro-financial conditions and policies in the run-up to the crisis as well as to compare the policy responses to it, so as to highlight, inter alia, possible...
Persistent link: https://www.econbiz.de/10009401192
Persistent link: https://www.econbiz.de/10011850128
The countries of Eastern Europe achieved two remarkable transitions in the short period of the last two decades: from plan to market and, then, in the run-up to and entry into the European Union, they rode a wave of global trade and financial market integration. Focusing on the second...
Persistent link: https://www.econbiz.de/10005826579
subsidiaries in Central and Eastern Europe. We show that both domestic and foreign banks sharply curtailed credit during the crisis …We use data on 1,294 banks in Central and Eastern Europe to analyze how bank ownership and creditor coordination in the … European banks signed country-specific commitment letters in which they pledged to maintain exposures and to support their …
Persistent link: https://www.econbiz.de/10011242213
Persistent link: https://www.econbiz.de/10009725795