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Common Volatility Trends in the Central and Eastern European Currencies and the Euro, Marcus Pramor, Natalia Tamirisa

Label
Common Volatility Trends in the Central and Eastern European Currencies and the Euro, Marcus Pramor, Natalia Tamirisa
Language
eng
Abstract
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 note
Includes bibliographical references
resource.governmentPublication
international or intergovernmental publication
Literary Form
non fiction
Main title
Common Volatility Trends in the Central and Eastern European Currencies and the Euro
Nature of contents
dictionaries
Oclc number
694141235
Responsibility statement
Marcus Pramor, Natalia Tamirisa
Series statement
IMF Working Papers
Table Of Contents
""Contents""; ""I. INTRODUCTION""; ""II. METHODOLOGY AND DATA""; ""III. VOLATILITY DYNAMICS IN CENTRAL AND EASTERN EUROPEAN CURRENCY MARKETS""; ""IV. CONCLUSIONS""; ""References""
Content
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