Exchange Rates Connections to Business Cycles in Central and Eastern European Countries

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F11%3A%230001569" target="_blank" >RIV/47813059:19520/11:#0001569 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Exchange Rates Connections to Business Cycles in Central and Eastern European Countries

Popis výsledku v původním jazyce

This paper aims to provide direct empirical evidence on how exchange rates are connected to macroeconomic fundamental variables in ten EU new member states. We use cross-correlation over the period 1998-2010. In average, we found the cyclical propertiesof exchange rates and other variables as weakly correlated. However, substantial differences among countries and variables were revealed. The only common feature is a generally higher correlation of macroeconomic aggregates with nominal than real effective exchange rate. The results also suggest that the correlation between exchange rate and net export is more pronounced in less open and relatively poorer countries.

Název v anglickém jazyce

Exchange Rates Connections to Business Cycles in Central and Eastern European Countries

Popis výsledku anglicky

This paper aims to provide direct empirical evidence on how exchange rates are connected to macroeconomic fundamental variables in ten EU new member states. We use cross-correlation over the period 1998-2010. In average, we found the cyclical propertiesof exchange rates and other variables as weakly correlated. However, substantial differences among countries and variables were revealed. The only common feature is a generally higher correlation of macroeconomic aggregates with nominal than real effective exchange rate. The results also suggest that the correlation between exchange rate and net export is more pronounced in less open and relatively poorer countries.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

<a href="/cs/project/GAP403%2F11%2F2073" target="_blank" >GAP403/11/2073: Procykličnost finančních trhů, bubliny v cenách aktiv a makroprudenční regulace</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2011

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

New challenges in economics and administration : Proceedings of the 3rd international conference in economics and administration

ISBN

978-606-501-074-1

ISSN

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e-ISSN

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Počet stran výsledku

9

Strana od-do

142-149

Název nakladatele

Cartea Studenteasca

Místo vydání

Bukurešť

Místo konání akce

Bukurešť

Datum konání akce

4. 6. 2011

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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