| Description |
1 online resource (23 pages) |
| Series |
IMF working paper, 2227-8885 ; WP/06/206 |
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IMF working paper ; WP/06/206.
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| Contents |
Contents -- I. INTRODUCTION -- II. METHODOLOGY AND DATA -- III. VOLATILITY DYNAMICS IN CENTRAL AND EASTERN EUROPEAN CURRENCY MARKETS -- IV. CONCLUSIONS -- References |
| Summary |
How much convergence has been achieved between Central and Eastern European (CEE) economies and the eurozone? We explore this question by comparing long-run volatility trends in CEE currencies and the euro. We find that these trends are closely correlated, pointing to convergence in the economic and financial structures of these economies. Nonetheless, the degree of commonality remains weaker than what had been found for major European currencies before the introduction of the euro. Spillovers of volatility across regional markets appear to have diminished over time, with the exception of the Hungarian forint, which remains a source of volatility shocks to regional currencies |
| Bibliography |
Includes bibliographical references |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
|
English |
|
Print version record |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
| Subject |
Foreign exchange rates -- Europe -- Econometric models
|
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Monetary policy -- Europe
|
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Foreign exchange rates -- Econometric models
|
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Monetary policy
|
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Europe
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| Form |
Electronic book
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| Author |
Tamirisa, Natalia T., author.
|
| ISBN |
1283517450 |
|
9781283517454 |
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9781451994018 |
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145199401X |
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1462339700 |
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9781462339709 |
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1451984308 |
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9781451984309 |
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9786613829900 |
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6613829900 |
|
