Gabrisch, Hubert; Orlowski, Lucjan T. - Institut für Wirtschaftsforschung Halle (IWH) - 2009
We advocate a dynamic approach to monetary convergence to a common currency that is based on the analysis of financial system stability. Accordingly, we empirically test volatility dynamics of the ten-year sovereign bond yields of the 2004 EU accession countries in relation to the eurozone...