Artikel
Assessment of the exchange rate convergence in Euro-candidate countries
This paper assesses the exchange rate convergence in selected euro-candidate countries using an alternative approach to official exchange rate stability convergence criterion. We apply various versions of correlation analysis on daily returns and implied GARCH volatility of nominal exchange rates of the euro, Czech koruna, Hungarian forint, Polish zloty, Romanian leu, Slovak koruna and Croatian kuna vis-à-vis US dollar. The results suggest that none of the eurocandidates' currencies achieved a sufficient degree of convergence. If anything, a majority of the currencies analyzed in the paper experienced a departure from convergence during the recent period.
- Language
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Englisch
- Bibliographic citation
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Journal: Amfiteatru Economic Journal ; ISSN: 2247-9104 ; Volume: 11 ; Year: 2009 ; Issue: 25 ; Pages: 159-180 ; Bucharest: The Bucharest University of Economic Studies
- Classification
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Wirtschaft
Foreign Exchange
Financial Aspects of Economic Integration
- Subject
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exchange rate
convergence
correlation
GARCH
euro-candidates
- Event
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Geistige Schöpfung
- (who)
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Stavárek, Daniel
- Event
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Veröffentlichung
- (who)
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The Bucharest University of Economic Studies
- (where)
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Bucharest
- (when)
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2009
- Handle
- Last update
- 10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Stavárek, Daniel
- The Bucharest University of Economic Studies
Time of origin
- 2009
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