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The extreme risk problem for monetary policies of the Euro-candidates

Gabrisch, Hubert; Orłowski, Lucjan T. - 2010

. -- Regeln der Geldpolitik ; Tail-Risks ; Euro-Konvergenz ; weltweite Finanzkrise ; Vermögensrisiko ; Zinsrisiko …Wir argumentieren, dass die Geldpolitik in den Euro-Kandidatenländern darauf abzielen sollte, die exzessive … Instabilität in den zentralen Ziel- und Instrumentenvariablen der Geldpolitik zu mildern, insbesondere in Phasen turbulenter …

Persistent link: https://www.econbiz.de/10003969864

Interest rate convergence in euro-candidate countries : volatility dynamics of sovereign bond yields

Gabrisch, Hubert; Orłowski, Lucjan T. - In: Emerging markets finance & trade : a journal of the … 46 (2010) 6, pp. 69-85

Persistent link: https://www.econbiz.de/10009238982

Uncovered Interest Parity in Central and Eastern Europe : Convergence and the Global Financial Crisis

Filipozzi, Fabio - 2012

This paper presents tests of uncovered interest parity in Croatia, the Czech Republic, Hungary, Poland and Romania; all countries in Central and Eastern Europe with floating exchange rates. Data are monthly and the trading horizon is three months. The estimations show that the UIP hypothesis is...

Persistent link: https://www.econbiz.de/10013096314

Beating the random walk in Central and Eastern Europe by survey forecasts

Naszódi, Anna - 2011

This paper investigates the forecasting ability of survey data on exchange rate expectations with multiple forecast horizons. The survey forecasts are on the exchange rates of five Central and Eastern European currencies: Czech Koruna, Hungarian Forint, Polish Zloty, Romanian Leu and Slovakian...

Persistent link: https://www.econbiz.de/10010322480

Devaluation and Output in Five Transition Economies : A Panel Cointegration Approach of Poland, Hungary, Czech Republic, Slovakia and Romania, 1993-2000

Miteza, Ilir - 2008

This paper assesses the impact of devaluations on aggregate output for a group of five transition economies during the period 1993-2000. An application of panel unit root tests and panel cointegration establishes the presence of a long run relationship between real output, real exchange rates,...

Persistent link: https://www.econbiz.de/10014215508

Beating the random walk in Central and Eastern Europe by survey forecasts

Naszodi, Anna - 2011

Persistent link: https://www.econbiz.de/10009157616

Winners and Losers from Sovereign Debt Inflows

Broner, Fernando - 2020

We study the transmission of sovereign debt inflow shocks on domestic firms. We exploit episodes of large sovereign debt inflows in six emerging countries which are due to the announcements of these countries' inclusion in two major local currency sovereign debt indexes. We show that these...

Persistent link: https://www.econbiz.de/10012845279

An analysis of Romania's short-run sovereign rating determinants

Miricescu, Emilian Constantin - In: Romanian journal of fiscal policy : RJFP 3 (2012) 2, pp. 48-57

For most European Union countries the government expenditure exceeds government revenue which could lead in the long run to an increase in the government debt to GDP ratio. Considering the distortions generated by the financial and economic crisis, followed by the debt crisis, both local and...

Persistent link: https://www.econbiz.de/10010199903

The Relationship between Mutual Funds – Inflation Rate and Benchmark Interest Rate : USA Versus Romania

Diaconasu, Delia Elena - 2011

The main aim of this article is to present the correlations between different macroeconomic indicators such as inflation rate or interest rate and the dynamics of investment fund in U.S. and Romania. The direct relationship between inflation rate and net subscription of stock funds in the US...

Persistent link: https://www.econbiz.de/10013130663

Zentralbanken in Osteuropa : europäische Integration und rechtliche Konvergenz

Kobabe, Rolf - 1999 - 1. Aufl.

Persistent link: https://www.econbiz.de/10001369324