Four currencies outside the eurozone
作者: Imre Vámos Zsuzsanna Novák
刊名: International Journal of Business and Economic Sciences Applied Research, 2015, Vol.8 (3)
来源数据库: Eastern Macedonia and Thrace Institute of Technology
关键词: exchange estimatespublic debtcointegration
原始语种摘要: Purpose - In the European Union only a few countries have remained outside the eurozone. Among these countries with independent monetary policies few pursue a floating exchange rate regime: the Czech Republic, Hungary, Poland and Romania (IMF, 2013). The purpose of the paper is to examine whether there is a cointegrating relationship between the same underlying economic fundamentals and the real and nominal exchange rate of these countries against the euro. Design/methodology/approach – The quarterly data used for analysis for the period between 2000 and 2014 were provided by the Eurostat and European economy databases. After testing for unit root in the logarithmised data series Engel-Granger and Johansen tests are applied to discover the existence of longrun equilibrium relationships...
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关键词翻译
关键词翻译
  • equilibrium 平衡
  • volatility 挥发性
  • Eurostat 欧洲共同体统计署
  • exchange 交换
  • monetary 金融
  • quarterly 每季
  • rates 地方税
  • between 在中间
  • explanatory 说明
  • applying 施加