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Description
| - This paper estimates the exchange market pressure (EMP) on currencies of EU4 countries (Czech Republic, Hungary, Poland, Slovakia) during the period 1993-2005 using the model proposed by Spolander (1999). EMP is of similar magnitude in all countries except Poland. We found that EMP was significantly lower and less volatile during the periods when a floating exchange rate arrangement was applied than in periods with fixed exchange rates. It implies that unavoidable entry into ERM II could lead to the EMP increase during the period of the exchange rate stability criterion fulfilment.
- This paper estimates the exchange market pressure (EMP) on currencies of EU4 countries (Czech Republic, Hungary, Poland, Slovakia) during the period 1993-2005 using the model proposed by Spolander (1999). EMP is of similar magnitude in all countries except Poland. We found that EMP was significantly lower and less volatile during the periods when a floating exchange rate arrangement was applied than in periods with fixed exchange rates. It implies that unavoidable entry into ERM II could lead to the EMP increase during the period of the exchange rate stability criterion fulfilment. (en)
- V příspěvku je pomocí modelu Spolander (1999) proveden odhad tlaku na devizovém trhu v zemích Visegrádské skupiny. V období 1993-2005 bylo pozorováno, že tlak je nižší a méně volatelní zejména v obdobích plovoucího devizového kurzu. Výsledky výzkumu mají praktické implikace pro nastavení kurzové politiky. (cs)
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Title
| - Some evidence of exchange market pressure in the EU4 countries
- Výzkum tlaků na devizových trzích v zemích EU4 (cs)
- Some evidence of exchange market pressure in the EU4 countries (en)
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skos:prefLabel
| - Some evidence of exchange market pressure in the EU4 countries
- Výzkum tlaků na devizových trzích v zemích EU4 (cs)
- Some evidence of exchange market pressure in the EU4 countries (en)
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skos:notation
| - RIV/47813059:19520/06:00000027!RIV07-GA0-19520___
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http://linked.open.../vavai/riv/strany
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http://linked.open...avai/riv/aktivita
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http://linked.open...avai/riv/aktivity
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http://linked.open...vai/riv/dodaniDat
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http://linked.open...aciTvurceVysledku
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http://linked.open.../riv/druhVysledku
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http://linked.open...iv/duvernostUdaju
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http://linked.open...titaPredkladatele
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http://linked.open...dnocenehoVysledku
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http://linked.open...ai/riv/idVysledku
| - RIV/47813059:19520/06:00000027
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http://linked.open...riv/jazykVysledku
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http://linked.open.../riv/klicovaSlova
| - exchange market pressure, Central Europe, model-dependent approach, exchange rate stability criterion (en)
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http://linked.open.../riv/klicoveSlovo
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http://linked.open...ontrolniKodProRIV
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http://linked.open...v/mistoKonaniAkce
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http://linked.open...i/riv/mistoVydani
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http://linked.open...i/riv/nazevZdroje
| - Management of International Business and Economic Systems
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http://linked.open...in/vavai/riv/obor
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http://linked.open...ichTvurcuVysledku
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http://linked.open...cetTvurcuVysledku
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http://linked.open...vavai/riv/projekt
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http://linked.open...UplatneniVysledku
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http://linked.open...iv/tvurceVysledku
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http://linked.open...vavai/riv/typAkce
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http://linked.open.../riv/zahajeniAkce
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number of pages
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http://purl.org/ne...btex#hasPublisher
| - Technological Educational Institute Larissa
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https://schema.org/isbn
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http://localhost/t...ganizacniJednotka
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is http://linked.open...avai/riv/vysledek
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