EXCHANGE RATE VOLATILITY AND GROWTH IN EMERGING EUROPE
Author(s): CORINA GEORGETA BOARJournal: Review of Finance and Banking ISSN 2067-2713
Volume: 2; Issue: 2; Start page: 103; Date: 2010;
ABSTRACT
This paper analyses the influence of NEER and REER volatility on growth ina panel of six developing European countries. Two measures of volatility are employed(standard deviation and ARCH/GARCH models) and its influence on growth is tested boththrough a GLS and a GMM estimation. Moreover, given the properties of the time seriesused, both panel and individual cointegration are tested using the Pedroni and, respectively,the Johansen methodology.
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