05074oam 22013694 450 991096732280332120250426110737.097866138299009781462339709146233970097814519843091451984308978128351745412835174509781451994018145199401X(CKB)3360000000443916(EBL)3014531(SSID)ssj0000940092(PQKBManifestationID)11600621(PQKBTitleCode)TC0000940092(PQKBWorkID)10946572(PQKB)11767677(OCoLC)694141235(IMF)WPIEE2006206(MiAaPQ)EBC3014531(IMF)WPIEA2006206WPIEA2006206(EXLCZ)99336000000044391620020129d2006 uf 0engur|n|---|||||txtccrCommon Volatility Trends in the Central and Eastern European Currencies and the Euro /Marcus Pramor, Natalia Tamirisa1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (31 p.)IMF Working Papers"September 2006."9781451864663 1451864663 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 policyEuropeCurrenciesimfCurrency marketsimfCurrencyimfEconomic integrationimfExchange ratesimfExports and ImportsimfExternalitiesimfFinanceimfFinance: GeneralimfFinancial Aspects of Economic IntegrationimfFinancial marketsimfFinancial sector policy and analysisimfForeign exchange marketimfForeign ExchangeimfForeign exchangeimfGovernment and the Monetary SystemimfInternational economicsimfInternational financeimfInternational Financial MarketsimfMacroeconomicsimfMonetary economicsimfMonetary SystemsimfMonetary unionsimfMoney and Monetary PolicyimfMoneyimfPayment SystemsimfRegimesimfSpilloversimfStandardsimfCzech RepublicimfForeign exchange ratesEconometric modelsMonetary policyCurrenciesCurrency marketsCurrencyEconomic integrationExchange ratesExports and ImportsExternalitiesFinanceFinance: GeneralFinancial Aspects of Economic IntegrationFinancial marketsFinancial sector policy and analysisForeign exchange marketForeign ExchangeForeign exchangeGovernment and the Monetary SystemInternational economicsInternational financeInternational Financial MarketsMacroeconomicsMonetary economicsMonetary SystemsMonetary unionsMoney and Monetary PolicyMoneyPayment SystemsRegimesSpilloversStandardsPramor Marcus1815811Tamirisa Natalia1098414DcWaIMFBOOK9910967322803321Common Volatility Trends in the Central and Eastern European Currencies and the Euro4371335UNINA