This study proposes an extension to the inflation targeting framework for Poland that takes into consideration the … exchange rate stability constraints imposed by the obligatory participation in the ERM2 on the path to the euro. The modified … policy framework is based on targeting the differential between the domestic and the implicit euro area inflation forecasts …

. Recent trends in these risk premiums in Hungary, the Czech Republic and Poland are tested by using the GARCH (1 …

real exchange rate misalignments for Poland and Russia during the 1990s using the Beveridge and Nelson (1981) decomposition … estimated with ARIMA and GARCH error correction specifications. The different nominal exchange rate regimes of the two countries … substantially greater than that in Poland, indicating incipient pressures to devalue the ruble immediately preceding the August 1998 …

We demonstrate that bond yield compression is under way in the countries converging to the euro and that German yields … are significant drivers of local currency yields. Based on the evidence from Poland, Hungary and the Czech Republic, we … conclude that these new Member States of the European Union are ready to adopt the euro without risking a disruptive shock to …

This paper aims to empirically investigate the effect of the euro on stock markets for Hungary, Poland and the UK, and … for Poland. Furthermore, evidence of cointegration between the relative stock prices against Germany and exchange rates … also the co-movement of the stock prices with the euro-zone using the daily stock price indices. The result reveals that in …

This paper proposes a new monetary policy framework for effectively navigating the path to adopting the euro. The … volatility to differentials over the euro zone in both inflation (target variable) and interest rate (instrument variable) is … proposed. The model is empirically tested for the Czech Republic, Poland and Hungary, the selected new Member States of the EU …

Since 2007, the economic and monetary situation in the euro Area has been seriously affected by the developments … be reconsidered, stability became an issue and the Euro adoption has been put into a different perspective. Current … candidate countries, including Romania must approach the Euro Area membership in more restrictive and rigorous manner. This …

symbols – such as the EURO currency – represents both the integration into a strong and efficient economic system, but also … elements concerning Romania’s accession to the EMU and finally the EURO adoption: Romania’s actual macroeconomic situation, the … optimum sequencing of the Euro adoption and the envisaged official calendar for the EURO adoption. …

. Recent trends in these risk premiums in Hungary, the Czech Republic and Poland are tested by using the GARCH (1 …