"P(GA402/08/0067)" . . "RIV/47813059:19520/12:#0002121" . "130540" . "exchange market pressure, Girton-Roper model, new EU Member States"@en . . "1"^^ . "Abingdon" . . "Stav\u00E1rek, Daniel" . "Financial Integration in the European Union" . . "26"^^ . "Determinants of the exchange market pressure in the euro-candidate countries"@en . . . "Determinants of the exchange market pressure in the euro-candidate countries"@en . . "Routledge" . "978-0-415-69076-8" . . "1"^^ . . "In the chapter we choose the correct specification of the Girton-Roper model for eight new EU Member States (NMS) to estimate and compare the exchange market pressure (EMP) over the period 1995-2009. The results suggest that growth of domestic credit and money multiplier had a significantly negative impact on EMP. On the contrary, a strong positive influence was found for growth of real domestic income and money supply in the euro area. EMP in NMS with flexible exchange rate regime was equally absorbed by exchange rate and international reserves." . . "[757E4806ED67]" . . . "In the chapter we choose the correct specification of the Girton-Roper model for eight new EU Member States (NMS) to estimate and compare the exchange market pressure (EMP) over the period 1995-2009. The results suggest that growth of domestic credit and money multiplier had a significantly negative impact on EMP. On the contrary, a strong positive influence was found for growth of real domestic income and money supply in the euro area. EMP in NMS with flexible exchange rate regime was equally absorbed by exchange rate and international reserves."@en . "RIV/47813059:19520/12:#0002121!RIV13-GA0-19520___" . "264"^^ . "Determinants of the exchange market pressure in the euro-candidate countries" . . . . "19520" . "Determinants of the exchange market pressure in the euro-candidate countries" . .