Common volatility trends in the Central and Eastern European currencies and the Euro /

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Bibliographic Details
Author / Creator:Pramor, Marcus, author.
Imprint:[Washington, D.C.] : International Monetary Fund, Research Dept., ©2006.
Description:1 online resource (23 pages)
Language:English
Series:IMF working paper, 2227-8885 ; WP/06/206
IMF working paper ; WP/06/206.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12498583
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Other authors / contributors:Tamirisa, Natalia T., author.
ISBN:1283517450
9781283517454
9781451994018
145199401X
1462339700
9781462339709
1451984308
9781451984309
9786613829900
6613829900
Digital file characteristics:data file
Notes:Includes bibliographical references.
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Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
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
English.
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Print version record.
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.
Other form:Print version: Pramor, Marcus. Common volatility trends in the Central and Eastern European currencies and the Euro. [Washington, D.C.] : International Monetary Fund, Research Dept., ©2006
Standard no.:10.5089/9781451994018.001