04855oam 22012734 450 991078840250332120230828235738.01-4623-3970-01-4519-8430-81-283-51745-01-4519-9401-X9786613829900(CKB)3360000000443916(EBL)3014531(SSID)ssj0000940092(PQKBManifestationID)11600621(PQKBTitleCode)TC0000940092(PQKBWorkID)10946572(PQKB)11767677(OCoLC)694141235(MiAaPQ)EBC3014531(IMF)WPIEE2006206(EXLCZ)99336000000044391620020129d2006 uf 0engur|n|---|||||txtccrCommon Volatility Trends in the Central and Eastern European Currencies and the Euro /Marcus Pramor, Natalia TamirisaWashington, D.C. :International Monetary Fund,2006.1 online resource (31 p.)IMF Working Papers"September 2006."1-4518-6466-3 Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. METHODOLOGY AND DATA""; ""III. VOLATILITY DYNAMICS IN CENTRAL AND EASTERN EUROPEAN CURRENCY MARKETS""; ""IV. CONCLUSIONS""; ""References""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.IMF Working Papers; Working Paper ;No. 2006/206Foreign exchange ratesEconometric modelsEuropeMonetary policyEuropeExports and ImportsimfFinance: GeneralimfForeign ExchangeimfMacroeconomicsimfMoney and Monetary PolicyimfFinancial Aspects of Economic IntegrationimfMonetary SystemsimfStandardsimfRegimesimfGovernment and the Monetary SystemimfPayment SystemsimfInternational Financial MarketsimfExternalitiesimfMonetary economicsimfCurrencyimfForeign exchangeimfFinanceimfInternational economicsimfCurrenciesimfExchange ratesimfCurrency marketsimfSpilloversimfMonetary unionsimfMoneyimfFinancial marketsimfFinancial sector policy and analysisimfEconomic integrationimfForeign exchange marketimfInternational financeimfCzech RepublicimfForeign exchange ratesEconometric modelsMonetary policyExports and ImportsFinance: GeneralForeign ExchangeMacroeconomicsMoney and Monetary PolicyFinancial Aspects of Economic IntegrationMonetary SystemsStandardsRegimesGovernment and the Monetary SystemPayment SystemsInternational Financial MarketsExternalitiesMonetary economicsCurrencyForeign exchangeFinanceInternational economicsCurrenciesExchange ratesCurrency marketsSpilloversMonetary unionsMoneyFinancial marketsFinancial sector policy and analysisEconomic integrationForeign exchange marketInternational financePramor Marcus1574006Tamirisa Natalia1098414DcWaIMFBOOK9910788402503321Common Volatility Trends in the Central and Eastern European Currencies and the Euro3849996UNINA