Kębłowski, Piotr - In: Central European Journal of Economic Modelling and … 3 (2011) 4, pp. 221-236
We test whether the floating exchange rates of the EU New Member States against the euro are determined jointly within the panel VEC framework. We find that the exchange rates of the Czech koruna, the Polish zloty and the Hungarian forint follow the same long-run relationship, in which the real...