Russia, EU enlargement and the Euro
In: Occasional paper series 93
20 Ergebnisse
Sortierung:
In: Occasional paper series 93
In: HWWA discussion paper 321
In: Occasional paper series 51
In: Occasional paper series 10
In: Occasional paper series 127
In: Working paper 136
In: Working paper 131
In: Major European debates collection
In: Central banking, financial markets and monetary unions vol. 2
World Affairs Online
In: CESifo working paper series 1020
In: Monetary policy and international finance
This paper investigates capital market integration in the major Central European emerging economies by testing the covered and uncovered interest parity conditions vis-á-vis the U.S. dollar and the DM/euro. The results for the Central European economies since 1997 are contrasted against those of the euro countries during the period preceding the introduction of the euro. This allows a comparison of conditions in the capital markets in the Central European economies versus those in the pre-euro EU. The results suggest that capital mobility and exchange rate market efficiency in Central Europe are remarkably similar to conditions in the EU during the 1990s.
In: New anthropologies of Europe