Die exzessiven Wechselkursschwankungen sind ein empirisch beobachtbares Phänomen, das Anfang der 1970er Jahre, insbesondere nach dem Zusammenbruch des Bretton-Woods-Systems mit festen Wechselkursen, stark an Bedeutung gewonnen hat. Die Entwicklung der Wechselkurse scheint seitdem von der...

The result of the 2016 Brexit referendum came as a shock to European public opinion. It was the first time a country was leaving the structures of the EU. It raised a number of questions and concerns especially in the countries of Central and Eastern Europe, from which thousands of citizens...

To investigate the sensitivity of real and nominal economic convergence of transition economies to model specification and restrictions, we extend the work of Kocenda [J. Compar. Econ. 29 (2001) 1] by considering a more stable, post-1993 period and by adopting a more recent panel estimation...