Determinants of the exchange market pressure in the euro-candidate countries
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F12%3A%230002121" target="_blank" >RIV/47813059:19520/12:#0002121 - 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
Determinants of the exchange market pressure in the euro-candidate countries
Original language description
In the chapter we choose the correct specification of the Girton-Roper model for eight new EU Member States (NMS) to estimate and compare the exchange market pressure (EMP) over the period 1995-2009. The results suggest that growth of domestic credit andmoney multiplier had a significantly negative impact on EMP. On the contrary, a strong positive influence was found for growth of real domestic income and money supply in the euro area. EMP in NMS with flexible exchange rate regime was equally absorbedby exchange rate and international reserves.
Czech name
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Czech description
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Classification
Type
C - Chapter in a specialist book
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GA402%2F08%2F0067" target="_blank" >GA402/08/0067: Financial Integration of the EU New Member States with Eurozone</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Book/collection name
Financial Integration in the European Union
ISBN
978-0-415-69076-8
Number of pages of the result
26
Pages from-to
208-233
Number of pages of the book
264
Publisher name
Routledge
Place of publication
Abingdon
UT code for WoS chapter
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