In this article, we investigate the Purchasing Power Parity (PPP) concept by utilizing a database of monthly real exchange rates from 12 Central and Eastern European economies with respect to different numeraire currencies. Owing to the elaborated limitations of linear specifications by...

This article examines the comovement dynamics between the developed European stock markets of the United Kingdom, Germany, France and Austria. After applying a Dynamic Conditional Correlation-Generalized Autoregressive Conditional Heteroskedastic (DCC-GARCH) and wavelet multiscale analysis on a...

The question of the validity of the Purchasing Power Parity (PPP) hypothesis in European transition countries remains relevant and empirically unsettled. This article aims to contribute to this debate by using an updated monthly database on real exchange rates for 12 Central and Eastern European...