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Common volatility trends in the Central and Eastern European currencies and the Euro /
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...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund, Research Dept.,
©2006.
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| Colección: | IMF working paper ;
WP/06/206. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | 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. |
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| Descripción Física: | 1 online resource (23 pages) |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 1283517450 9781283517454 9781451994018 145199401X 1462339700 9781462339709 1451984308 9781451984309 9786613829900 6613829900 |
| ISSN: | 2227-8885 ; |