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dc.contributor.authorOrlowski, Lucjan T.en_US
dc.date.accessioned2010-09-01T09:46:44Z-
dc.date.available2010-09-01T09:46:44Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/39474-
dc.description.abstractThis 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.-
dc.language.isoengen_US
dc.publisherZEI Bonnen_US
dc.relation.ispartofseriesZEI working paper B 26-2002en_US
dc.subject.jelE32-
dc.subject.jelE52-
dc.subject.jelP33-
dc.subject.ddc330en_US
dc.subject.keywordinflation risk premium-
dc.subject.keywordexchange rate risk premium-
dc.subject.keywordinflation targeting-
dc.subject.keywordmonetary convergence-
dc.subject.keywordtransition economies-
dc.subject.stwGeldpolitiken_US
dc.subject.stwInternationale wirtschaftspolitische Koordinationen_US
dc.subject.stwEU-Erweiterungen_US
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen_US
dc.subject.stwInflatioen_US
dc.titleMonetary convergence and risk premiums in the EU candidate countriesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn358443385en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zeiwps:B262002-
Appears in Collections:ZEI Working Papers, Zentrum für Europäische Integrationsforschung, Universität Bonn

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