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The international integration of money markets in the central and east European accession countries : deviations from covered interest parity, capital controls and inefficiencies i...

Herrmann, Sabine; Jochem, Axel - 2003

gemeinsamen Geldpolitik beeinträchtigt werden, wenn die Finanzsektoren in Mittel- und Osteuropa noch unterentwickelt sind. …

Persistent link: https://www.econbiz.de/10011432010

Die internationale Integration der Geldmärkte in den mittel- und osteuropäischen Beitrittsländern : Abweichungen von der gedeckten Zinsparität, Kapitalverkehrskontrollen und Ineffi...

Herrmann, Sabine; Jochem, Axel - 2003

gemeinsamen Geldpolitik beeinträchtigt werden, wenn die Finanzsektoren in Mittel- und Osteuropa noch unterentwickelt sind. …

Persistent link: https://www.econbiz.de/10011432015

Die internationale Integration der Geldmärkte in den mittel- und osteuropäischen Beitrittsländern : Abweichungen von der gedeckten Zinsparität, Kapitalverkehrskontrollen und Ineffi...

Herrmann, Sabine; Jochem, Axel - 2003

Based on the concept of covered interest parity it is shown that the money markets in Poland, the Czech Republic, Hungary, and the Slovak Republic meanwhile display a high degree of international integration with the euro area. Integration has strengthened continuously in the review period of...

Persistent link: https://www.econbiz.de/10001754141

The International Integration of Money Markets in the Central and East European Accession Countries : Deviations from Covered Interest Parity, Capital Controls and Inefficiencies i...

Jochem, Axel - 2016

Persistent link: https://www.econbiz.de/10012991239

The international integration of money markets in the central and east European accession contries : deviations from covered interst parity, capital controls and inefficiencies in...

Herrmann, Sabine; Jochem, Axel - 2003

Persistent link: https://www.econbiz.de/10001786153

The impact of the 2004 reform of the operational framework of the ECB : structural GARCH evidence

Zagaglia, Paolo; Marzo, Massimilano - In: Journal of finance and investment analysis 2 (2013) 1, pp. 85-100

We investigate the money-market impact of the reform of the operational framework of the European Central Bank that took place in March 2004. We estimate a structural bivariate GARCH model with the overnight rate and 1-year swap rate, where identifying restrictions are imposed on the conditional...

Persistent link: https://www.econbiz.de/10009746042