Some evidence of exchange market pressure in the EU4 countries
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F06%3A00000027" target="_blank" >RIV/47813059:19520/06:00000027 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Some evidence of exchange market pressure in the EU4 countries
Original language description
This paper estimates the exchange market pressure (EMP) on currencies of EU4 countries (Czech Republic, Hungary, Poland, Slovakia) during the period 1993-2005 using the model proposed by Spolander (1999). EMP is of similar magnitude in all countries except Poland. We found that EMP was significantly lower and less volatile during the periods when a floating exchange rate arrangement was applied than in periods with fixed exchange rates. It implies that unavoidable entry into ERM II could lead to the EMPincrease during the period of the exchange rate stability criterion fulfilment.
Czech name
Výzkum tlaků na devizových trzích v zemích EU4
Czech description
V příspěvku je pomocí modelu Spolander (1999) proveden odhad tlaku na devizovém trhu v zemích Visegrádské skupiny. V období 1993-2005 bylo pozorováno, že tlak je nižší a méně volatelní zejména v obdobích plovoucího devizového kurzu. Výsledky výzkumu majípraktické implikace pro nastavení kurzové politiky.
Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GA402%2F05%2F2758" target="_blank" >GA402/05/2758: Integration of the financial sector of the new EU member countries into the EMU</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2006
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Management of International Business and Economic Systems
ISBN
978-960-87764-3-2
ISSN
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e-ISSN
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Number of pages
16
Pages from-to
1-16
Publisher name
Technological Educational Institute Larissa
Place of publication
Larissa
Event location
Larissa
Event date
Nov 4, 2006
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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