Exchange Rate Volatility, Currency Misalignment, and Risk of Recession in the Central and Eastern European Countries
This study is aimed at estimation of the exchange rate volatility and its impact on the business cycle fluctuations in four central and eastern European countries (the Czech Republic, Hungary, Poland, and Romania). Exchange rate volatility is estimated with the EGARCH(1,1) model. It is found that ex...
Main Authors: | Victor Shevchuk, Roman Kopych |
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Format: | Article |
Language: | English |
Published: |
MDPI AG
2021-05-01
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Series: | Risks |
Subjects: | |
Online Access: | https://www.mdpi.com/2227-9091/9/5/82 |
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