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Common Volatility Trends in the Central and Eastern European Currencies and the Euro by Marcus Pramor; Natalia T. Tamirisa is a nonfiction available to read on EtoBox.

What is Common Volatility Trends in the Central and Eastern European Currencies and the Euro about?

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.

Who reads Common Volatility Trends in the Central and Eastern European Currencies and the Euro?

Author

Marcus Pramor; Natalia T. Tamirisa

Publisher

International Monetary Fund, Research Dept

Published

2006

Language

EN

ISBN

9781451984309

Category

nonfiction

Subjects

Finance, Language Learning, Business