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Central and Eastern European (CEE) economies of the EU, namely the Czech Republic, Hungary and Poland, during the current … also find that, for the Czech Republic and Poland, risk-neutral densities contain useful information on the direction of …
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The paper is on toxic foreign exchange options problem which occurred in Poland just prior to - and after the outbreak … - derivatives contracted with their banks. Poland was the only EU country which did not precipitated into recession during the … financial markets into Poland.Huge dimensions of losses resulted in conflicts between banks and their customers, who claimed …
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financial integration of the Czech Republic with Europe and early dollarization in Poland as a result of initial higher …
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Currency option implied volatility predicts more efficiently exchange rate volatility for the Polish zloty relative to the Czech koruna, reflecting differences in the frequency of central bank intervention in the foreign exchange market. A GARCH model shows a positive impact of the introduction...
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