01799cas a2200253 a 4500 AALejournalIMF004362 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451864663 1018-5941 BD-DhAAL BD-DhAAL Pramor, Marcus. Common Volatility Trends in the Central and Eastern European Currencies and the Euro / Marcus Pramor, Natalia Tamirisa. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (31 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students How much convergence has been achieved between Central and Eastern European (CEE) economies and the eurozone? We explore this question by comparing long-run volatility trends in CEE currencies and the euro. We find that these trends are closely correlated, pointing to convergence in the economic and financial structures of these economies. Nonetheless, the degree of commonality remains weaker than what had been found for major European currencies before the introduction of the euro. Spillovers of volatility across regional markets appear to have diminished over time, with the exception of the Hungarian forint, which remains a source of volatility shocks to regional currencies. Mode of access: Internet Tamirisa, Natalia. IMF Working Papers; Working Paper ; No. 2006/206 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/206/001.2006.issue-206-en.xml IMF e-Library