. "80-94" . "P(GA402/05/2758)" . . "Odhad tlaku na devizov\u00E9m trhu v zem\u00EDch EU4: modelov\u011B-z\u00E1visl\u00FD p\u0159\u00EDstup"@cs . "Estimation of the Exchange Market Pressure in the EU4 Countries: A Model-Dependent Approach"@en . . . "19520" . "1"^^ . "1"^^ . "Investment Management and Financial Innovations" . . "V p\u0159\u00EDsp\u011Bvku je analyzov\u00E1n tlak na devizov\u00E9m trhu (TDT) v zem\u00EDch EU4 (\u010Cesko, Ma\u010Farsko, Polsko, Slovensko) v letech 1993-2005. Bylo zji\u0161t\u011Bno, \u017Ee TDT byl v\u00FDznamn\u011B ni\u017E\u0161\u00ED a m\u00E9n\u011B volatiln\u00ED v obdob\u00EDch plovouc\u00EDho devizov\u00E9ho kurzu ne\u017E v obdob\u00EDch fixingu. Z toho vypl\u00FDv\u00E1, \u017Ee nutn\u00FD vstup do kvazifixn\u00EDho re\u017Eimu ERM II m\u016F\u017Ee zv\u00FD\u0161it TDT v dob\u011B pln\u011Bn\u00ED konvergen\u010Dn\u00EDho krit\u00E9ria stability devizov\u00E9ho kurzu."@cs . "Estimation of the Exchange Market Pressure in the EU4 Countries: A Model-Dependent Approach"@en . . "15"^^ . . "UA - Ukrajina" . "Odhad tlaku na devizov\u00E9m trhu v zem\u00EDch EU4: modelov\u011B-z\u00E1visl\u00FD p\u0159\u00EDstup"@cs . . "1810-4967" . . "4" . "420490" . "Stav\u00E1rek, Daniel" . . . "This paper estimates the exchange market pressure (EMP) on currencies of EU4 countries (Czech Republic, Hungary, Poland, Slovakia) during the period 1993-2005. 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 (a quasi-fixed regime) could lead to the EMP increase during the period of the exchange rate stability criterion fulfillment."@en . "RIV/47813059:19520/07:#0000018" . "RIV/47813059:19520/07:#0000018!RIV08-GA0-19520___" . "Estimation of the Exchange Market Pressure in the EU4 Countries: A Model-Dependent Approach" . . "exchange market pressure, model-dependent approach, EU New Member States, exchange rate stability criterion"@en . . . "[8573C5ED66BD]" . . "3" . "Estimation of the Exchange Market Pressure in the EU4 Countries: A Model-Dependent Approach" . "This paper estimates the exchange market pressure (EMP) on currencies of EU4 countries (Czech Republic, Hungary, Poland, Slovakia) during the period 1993-2005. 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 (a quasi-fixed regime) could lead to the EMP increase during the period of the exchange rate stability criterion fulfillment." . .