Format:
33 S
,
Tab., graph. Darst.
,
b
ISBN:
3935821506
Series Statement:
Diskussionspapier / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 07/03
Content:
Based on the concept of covered interest parity it is shown that the money markets in Poland, the Czech Republic, Hungary, and the Slovak Republic meanwhile display a high degree of international integration with the euro area. Integration has strengthened continuously in the review period of 1999 to mid 2002. The segmentation that could still be observed stems from both restrictions on the short-term movement of capital and the limited development of the financial sectors in the four accession countries. While almost all capital controls have since been removed and will no longer play a role after accession to the EU, the implementation and transmission of the single monetary policy within the Eurosystem will possibly be impeded, if the financial sectors in CEE are then still underdeveloped.
Note:
Zsfassung in engl. Sprache
,
Literaturverz. S. 21 - 27
Additional Edition:
Erscheint auch als Online-Ausgabe Herrmann, Sabine, 1969 - Die internationale Integration der Geldmärkte in den mittel- und osteuropäischen Beitrittsländern Frankfurt am Main : Deutsche Bundesbank, 2003
Language:
German
Subjects:
Economics
Keywords:
Osteuropa
;
Geldmarkt
;
Integration
;
Europäische Union
;
Währungsunion
;
Arbeitspapier
;
Graue Literatur
URL:
www.bundesbank.de/vo/download/dkp/2003/07/200307dkp.pdf
Author information:
Jochem, Axel
Author information:
Herrmann, Sabine 1969-
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