Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/39474 
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dc.contributor.authorOrlowski, Lucjan T.en
dc.date.accessioned2010-09-01T09:46:44Z-
dc.date.available2010-09-01T09:46:44Z-
dc.date.issued2002-
dc.identifier.urihttp://hdl.handle.net/10419/39474-
dc.description.abstractThis study examines the link between various monetary policy regimes and the ability tomanage inflation and exchange rate risk premiums in the EU candidate countries as theyundergo monetary convergence to the eurozone. The underlying hypothesis is that asystem of 'flexible inflation targeting' may be an optimal policy choice for managingthese two categories of risk. A model of inflation and exchange rate risk premiums withinthe context of inflation targeting is proposed. Recent trends in these risk premiums inHungary, the Czech Republic and Poland are tested by using the GARCH (1,1)methodology.en
dc.language.isoengen
dc.publisher|aRheinische Friedrich-Wilhelms-Universität Bonn, Zentrum für Europäische Integrationsforschung (ZEI) |cBonnen
dc.relation.ispartofseries|aZEI Working Paper |xB 26-2002en
dc.subject.jelE32en
dc.subject.jelE52en
dc.subject.jelP33en
dc.subject.ddc330en
dc.subject.keywordinflation risk premiumen
dc.subject.keywordexchange rate risk premiumen
dc.subject.keywordinflation targetingen
dc.subject.keywordmonetary convergenceen
dc.subject.keywordtransition economiesen
dc.subject.stwGeldpolitiken
dc.subject.stwInternationale wirtschaftspolitische Koordinationen
dc.subject.stwEU-Erweiterungen
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen
dc.subject.stwInflatioen
dc.titleMonetary convergence and risk premiums in the EU candidate countries-
dc.type|aWorking Paperen
dc.identifier.ppn825537061en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:zeiwps:B262002en

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