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The present paper examines whether six of the new European Union member states -the six Central and Eastern European Countries- form an optimum currency area (OCA) with the eurozone. The study applies the theory of Generalized Purchasing Power Parity, which analyses the behavior of the long-run...
Persistent link: https://www.econbiz.de/10010850081
The present paper examines whether six of the new European Union member states -the six Central and Eastern European Countries- form an optimum currency area (OCA) with the eurozone. The study applies the theory of Generalized Purchasing Power Parity, which analyses the behavior of the long-run...
Persistent link: https://www.econbiz.de/10010611776
The present paper examines whether six of the new European Union member states -the six Central and Eastern European Countries- form an optimum currency area (OCA) with the eurozone. The study applies the theory of Generalized Purchasing Power Parity, which analyses the behavior of the long-run...
Persistent link: https://www.econbiz.de/10010611782
The present paper has two aims. The first aim is to test whether six new member states of the European Union (the six Central and Eastern European Countries) form an optimum currency area (OCA) with the eurozone, in an attempt to assess their readiness for euro adoption. The second aim is to...
Persistent link: https://www.econbiz.de/10005002687
ignored in existing empirical studies. We use time series and up-to-date panel data techniques to test for cointegration with … run cointegration relationship, where over the sample period the fixed component of the pass-through decreased while the …
Persistent link: https://www.econbiz.de/10013132131
test for cointegration with the possibility of structural breaks and show how the long-run may be restored in the … starting in 2001 helps restore a long run cointegration relationship, where over the sample period the fixed component of the …
Persistent link: https://www.econbiz.de/10013132423
test for cointegration with the possibility of structural breaks and show how the long-run may be restored in the … starting in 2001 helps restore a long run cointegration relationship, where over the sample period the fixed component of the …
Persistent link: https://www.econbiz.de/10013136879
reduce exchange rate volatility and to smooth interest rates. Steep depreciations combined with volatility did not help …
Persistent link: https://www.econbiz.de/10011095683
ASEAN+3 is assessed in this paper by examining the time-series stochastic behaviour and cointegration in a set of eight …
Persistent link: https://www.econbiz.de/10011108662
and beyond the determinants of currency invoicing (i.e., inflation rate, inflation volatility, foreign exchange market … by a drop in inflation volatility. -- euro ; invoicing currency ; exchange rate risk ; inflation ; inflation risk …
Persistent link: https://www.econbiz.de/10003969238