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Book Cover
Author Pramor, Marcus, author

Title Common volatility trends in the Central and Eastern European currencies and the Euro / prepared by Marcus Pramor and Natalia T. Tamirisa
Published [Washington, D.C.] : International Monetary Fund, Research Dept., [2006]
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Description 1 online resource (23 pages)
Series IMF working paper ; WP/06/206
IMF working paper ; WP/06/206
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. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Foreign exchange rates -- Europe -- Econometric models.
Monetary policy -- Europe.
Form Electronic book
Author Tamirisa, Natalia T., author
ISBN 1283517450