Arbeitspapier
Monetary convergence and risk premiums in the EU candidate countries
This study examines the link between various monetary policy regimes and the ability to manage inflation and exchange rate risk premiums in the EU candidate countries as they undergo monetary convergence to the eurozone. The underlying hypothesis is that a system of 'flexible inflation targeting' may be an optimal policy choice for managing these two categories of risk. A model of inflation and exchange rate risk premiums within the context of inflation targeting is proposed. Recent trends in these risk premiums in Hungary, the Czech Republic and Poland are tested by using the GARCH (1,1) methodology.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEI Working Paper ; No. B 26-2002
- Klassifikation
-
Wirtschaft
Business Fluctuations; Cycles
Monetary Policy
Socialist Institutions and Their Transitions: International Trade, Finance, Investment, Relations, and Aid
- Thema
-
inflation risk premium
exchange rate risk premium
inflation targeting
monetary convergence
transition economies
Geldpolitik
Internationale wirtschaftspolitische Koordination
EU-Erweiterung
Europäische Wirtschafts- und Währungsunion
Inflatio
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Orlowski, Lucjan T.
- Ereignis
-
Veröffentlichung
- (wer)
-
Rheinische Friedrich-Wilhelms-Universität Bonn, Zentrum für Europäische Integrationsforschung (ZEI)
- (wo)
-
Bonn
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Orlowski, Lucjan T.
- Rheinische Friedrich-Wilhelms-Universität Bonn, Zentrum für Europäische Integrationsforschung (ZEI)
Entstanden
- 2002
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