. "Financial Integration in the European Union" . "1"^^ . "We analyze four currencies of new EU member states, two currencies of non euro area old EU members, US dollar and Swiss franc against the euro during the period financial crisis. We apply a modified TARCH model on data grouped into four phases of the financial crises. The results suggest that the exchange rates usually shared a similar trend in volatility. The presence of asymmetric attributes of the exchange rate volatility was relatively common. Similar symptoms of asymmetry were registered mainly in the new EU member states and Sweden. Appreciation movements seem to have significantly different effects on volatility than the depreciation movements of equal size particularly during the crisis initialization and culmination. By contrast, a significant impact of divergence from the target exchange rate on the volatility was revealed during the crisis stabilization."@en . "[4CF0D1883BB8]" . . "Routledge" . . . . . "European exchange rates volatility and its asymmetrical components during the financial crisis"@en . . . "European exchange rates volatility and its asymmetrical components during the financial crisis" . "RIV/47813059:19520/12:#0002122" . . . "Abingdon" . "264"^^ . "Stav\u00E1rek, Daniel" . "29"^^ . "RIV/47813059:19520/12:#0002122!RIV13-GA0-19520___" . "European exchange rates volatility and its asymmetrical components during the financial crisis"@en . . . "We analyze four currencies of new EU member states, two currencies of non euro area old EU members, US dollar and Swiss franc against the euro during the period financial crisis. We apply a modified TARCH model on data grouped into four phases of the financial crises. The results suggest that the exchange rates usually shared a similar trend in volatility. The presence of asymmetric attributes of the exchange rate volatility was relatively common. Similar symptoms of asymmetry were registered mainly in the new EU member states and Sweden. Appreciation movements seem to have significantly different effects on volatility than the depreciation movements of equal size particularly during the crisis initialization and culmination. By contrast, a significant impact of divergence from the target exchange rate on the volatility was revealed during the crisis stabilization." . "exchange rate volatility, asymmetry, TARCH model, financial crisis"@en . "978-0-415-69076-8" . . . "134956" . "19520" . "P(GA402/08/0067)" . . "European exchange rates volatility and its asymmetrical components during the financial crisis" . . "1"^^ . .