The Resource Foreign exchange market volatility in EU accession countries in the run-up to euro adoption : weathering uncharted waters, Ádám Kóbor and István P. Székely

Foreign exchange market volatility in EU accession countries in the run-up to euro adoption : weathering uncharted waters, Ádám Kóbor and István P. Székely

Label
Foreign exchange market volatility in EU accession countries in the run-up to euro adoption : weathering uncharted waters
Title
Foreign exchange market volatility in EU accession countries in the run-up to euro adoption
Title remainder
weathering uncharted waters
Statement of responsibility
Ádám Kóbor and István P. Székely
Creator
Contributor
Author
Issuing body
Subject
Language
eng
Summary
The paper analyzes foreign exchange market volatility in four Central European EU accession countries in 2001-2003. By using a Markov regime-switching model, it identifies two regimes representing high- and low-volatility periods. The estimation results show not only that volatilities are different between the two regimes but also that some of the cross-correlations differ. Notably, cross-correlations increase substantially for two pairs of currencies (the Hungarian forint-Polish zloty and the Czech koruna-Slovak koruna) in the high-volatility period. The paper concludes by discussing the policy implications of these findings
Member of
Action
digitized
Cataloging source
OCLCE
Dewey number
332.45
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.04/16
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
IMF working paper
Series volume
WP/04/16
Label
Foreign exchange market volatility in EU accession countries in the run-up to euro adoption : weathering uncharted waters, Ádám Kóbor and István P. Székely
Publication
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (page 13)
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn646839537
Dimensions
unknown
Extent
1 online resource (19 pages)
File format
one file format
Form of item
online
Isbn
9781451891362
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations
http://library.link/vocab/recordID
.b37167297
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)646839537
  • imf1281090271
System details
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.

Library Locations

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      -38.195656 144.304955
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