Kointegracja kursów walutowych Polski, Węgier i Czech
Cointegration of exchange rates of Poland, Hungary and Czech Republic

Summary/Abstract: Exchange rate is one of the basic economic parameters which changes influence import and export efficiency. European integration contributes to international cooperation that causes increasing of mutual interactions at the exchange rate market. The aim of the paper is investigation of relationships among Polish, Hungarian and Czech exchange rates in the years 2008-2009. In our research we use daily data and apply Engle-Granger and Johansen methodology.

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