The aim of this study is to estimate the degree of synchronization between the business cycles of the the most integrated seven CEE economies with the Euro Area, according to methods which are less used in the economic literature, some of them being proposed by Darvas and Szapáry (2004). In...

The prime task of modelling cross-market contagion is to predict the imminence of a pestilent currency crisis. Empirical models are developed here to study the roles and channels of contagion in exchange rate volatilities, in ways which are as economically sound and econometrically simple as...