Consequences of the European monetary integration on financial systems; proceedings.

9781443800686

Consequences of the European monetary integration on financial systems; proceedings.

International Conference on Finance and Banking (11th: 2007: Karvina, Czech Republic).

Cambridge Scholars Publishing

2008

268 pages

$59.99

Hardcover

HG186

Stavarek (international finance, Silesian U., Czech Republic) and Poloucek (finance, College of Social and Administration Affairs, Czech Republic) present select proceedings of the 11th International Conference on Finance and Banking, held in October 2007 under the theme "Future of European Monetary Integration." Papers analyze determinants of foreign portfolio investment in Europe, assess the factors that determine a country's exchange rate policy, determine the level of convergence of the exchange rate development between the euro-candidate countries and the euro, apply dependency modeling of subordinated Levy models in order to estimate the probability distribution of returns of a small exchange rate sensitive portfolio, analyze the strength of linkages among the European bond markets, analyze how new information on economic fundamentals influences interest rates in Europe, investigate stock market volatility in selected new and traditional European Union member states, investigate the relationship and direction of causality between financial developments and economic growth in the euro area countries, analyze the interest rate channel of monetary policy in selected new EU member states, consider the catch-up process required of Bulgaria and Romania after having joined the European Union, and analyze demand and monetary shocks in Bulgaria and Romania.

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