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 …

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 …

Currency option implied volatility predicts more efficiently exchange rate volatility for the Polish zloty relative to … GARCH model shows a positive impact of the introduction of the Euro on exchange rate volatility for the Polish zloty … (negative for the Czech koruna), related to its larger exposure to external shocks. For countries in transition to Euro …

Since beginning economic transition, the Czech Republic, Estonia, Hungary, Poland, and Slovenia have—with much success …

have driven movements in equilibrium real exchange rates in the Baltics since the start of the transition process. In the … earlier years of transition, price liberalization, increased demand for services and other nontradables, and shifts in …

) have also been generally favorable. Can CBAs serve these transition countries well all the way up to the adoption of the …