{"id":"https://openalex.org/W2007484434","doi":"https://doi.org/10.2753/ree1540-496x460605","title":"Interest Rate Convergence in Euro-Candidate Countries: Volatility Dynamics of Sovereign Bond Yields","display_name":"Interest Rate Convergence in Euro-Candidate Countries: Volatility Dynamics of Sovereign Bond Yields","publication_year":2010,"publication_date":"2010-11-01","ids":{"openalex":"https://openalex.org/W2007484434","doi":"https://doi.org/10.2753/ree1540-496x460605","mag":"2007484434"},"language":"en","primary_location":{"id":"doi:10.2753/ree1540-496x460605","doi":"https://doi.org/10.2753/ree1540-496x460605","is_oa":false,"landing_page_url":"https://doi.org/10.2753/ree1540-496x460605","pdf_url":null,"source":{"id":"https://openalex.org/S166264140","display_name":"Emerging Markets Finance and Trade","issn_l":"1061-2009","issn":["1061-2009","1540-496X","1558-0938"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Emerging Markets Finance and Trade","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5030095284","display_name":"Hubert Gabrisch","orcid":"https://orcid.org/0000-0001-8825-4600","observed_orcids":["https://orcid.org/0000-0001-8825-4600"]},"institutions":[{"id":"https://openalex.org/I1301952750","display_name":"Halle Institute for Economic Research","ror":"https://ror.org/03gjpvv92","country_code":"DE","type":"facility","lineage":["https://openalex.org/I1301952750","https://openalex.org/I315704651"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Hubert Gabrisch","raw_affiliation_strings":["a Halle Institute for Economic Research, Halle, Germany"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"a Halle Institute for Economic Research, Halle, Germany","institution_ids":["https://openalex.org/I1301952750"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5039682893","display_name":"Lucjan T. Or\u0142owski","orcid":"https://orcid.org/0000-0002-6286-3587","observed_orcids":["https://orcid.org/0000-0002-6286-3587"]},"institutions":[{"id":"https://openalex.org/I130186095","display_name":"Sacred Heart University","ror":"https://ror.org/0085j8z36","country_code":"US","type":"education","lineage":["https://openalex.org/I130186095"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Lucjan T. Orlowski","raw_affiliation_strings":["b J.F. Welch College of Business, Sacred Heart University, Fairfield, CT","J.F. Welch College of Business, Sacred Heart University, Fairfield, CT"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"b J.F. Welch College of Business, Sacred Heart University, Fairfield, CT","institution_ids":["https://openalex.org/I130186095"]},{"raw_affiliation_string":"J.F. Welch College of Business, Sacred Heart University, Fairfield, CT","institution_ids":["https://openalex.org/I130186095"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":6.129,"has_fulltext":false,"cited_by_count":25,"citation_normalized_percentile":{"value":0.95865946,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"46","issue":"6","first_page":"69","last_page":"85"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.6255000233650208,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.6255000233650208,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14166","display_name":"European Monetary and Fiscal Policies","score":0.15489999949932098,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.09120000153779984,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/interest-rate-convergence","display_name":"interest rate convergence","score":0.9959999918937683},{"id":"https://openalex.org/keywords/government-bond-yields","display_name":"government bond yields","score":0.9120000004768372},{"id":"https://openalex.org/keywords/yield-volatility","display_name":"yield volatility","score":0.593999981880188},{"id":"https://openalex.org/keywords/euro-adoption","display_name":"euro adoption","score":0.7239999771118164},{"id":"https://openalex.org/keywords/financial-stability","display_name":"financial stability","score":0.781000018119812},{"id":"https://openalex.org/keywords/eu-accession-countries","display_name":"EU accession countries","score":0.527999997138977}],"concepts":[{"id":"https://openalex.org/C69738904","wikidata":"https://www.wikidata.org/wiki/Q11693","display_name":"Bond","level":2,"score":0.6845130920410156},{"id":"https://openalex.org/C2778221078","wikidata":"https://www.wikidata.org/wiki/Q567586","display_name":"Accession","level":3,"score":0.6437974572181702},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6365305185317993},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.5621210932731628},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.5165068507194519},{"id":"https://openalex.org/C186229450","wikidata":"https://www.wikidata.org/wiki/Q42008","display_name":"Sovereignty","level":3,"score":0.5053237080574036},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.48519542813301086},{"id":"https://openalex.org/C2777303404","wikidata":"https://www.wikidata.org/wiki/Q759757","display_name":"Convergence (economics)","level":2,"score":0.453901469707489},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.4466552138328552},{"id":"https://openalex.org/C141121606","wikidata":"https://www.wikidata.org/wiki/Q8142","display_name":"Currency","level":2,"score":0.44314712285995483},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.412028968334198},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3047603666782379},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.17782467603683472},{"id":"https://openalex.org/C2910001868","wikidata":"https://www.wikidata.org/wiki/Q458","display_name":"European union","level":2,"score":0.15565448999404907},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.11147892475128174},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.06826910376548767},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.2753/ree1540-496x460605","doi":"https://doi.org/10.2753/ree1540-496x460605","is_oa":false,"landing_page_url":"https://doi.org/10.2753/ree1540-496x460605","pdf_url":null,"source":{"id":"https://openalex.org/S166264140","display_name":"Emerging Markets Finance and Trade","issn_l":"1061-2009","issn":["1061-2009","1540-496X","1558-0938"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Emerging Markets Finance and Trade","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:she:wpaper:2009001","doi":null,"is_oa":false,"landing_page_url":"http://repec.sacredheart.edu/she/pdf/wp2009_001.pdf","pdf_url":"http://repec.sacredheart.edu/she/pdf/wp2009_001.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:3125812777","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/paper/shewpaper/2009001.htm","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:RePEc:mes:emfitr:v:46:y:2010:i:6:p:69-85","doi":null,"is_oa":false,"landing_page_url":"http://mesharpe.metapress.com/link.asp?target=contribution&id=24U7W81713882786","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:taf:emfitr:v:46:y:2010:i:6:p:69-85","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.2753/REE1540-496X460605","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/17","display_name":"Partnerships for the goals","score":0.5400000214576721}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":36,"referenced_works":["https://openalex.org/W1482062419","https://openalex.org/W1486762670","https://openalex.org/W1505522935","https://openalex.org/W1520811918","https://openalex.org/W1527905786","https://openalex.org/W1562120797","https://openalex.org/W1565631232","https://openalex.org/W1569029634","https://openalex.org/W1593408699","https://openalex.org/W1599405298","https://openalex.org/W1671647300","https://openalex.org/W1971117965","https://openalex.org/W2007249730","https://openalex.org/W2034255777","https://openalex.org/W2042885155","https://openalex.org/W2042991603","https://openalex.org/W2050076083","https://openalex.org/W2051279821","https://openalex.org/W2052644023","https://openalex.org/W2076968676","https://openalex.org/W2109809327","https://openalex.org/W2131949066","https://openalex.org/W2141234435","https://openalex.org/W2160594744","https://openalex.org/W2168618614","https://openalex.org/W2777225720","https://openalex.org/W3121143347","https://openalex.org/W3121193580","https://openalex.org/W3121786100","https://openalex.org/W3122979847","https://openalex.org/W3123631462","https://openalex.org/W3123984548","https://openalex.org/W3124684976","https://openalex.org/W3125309484","https://openalex.org/W3125985088","https://openalex.org/W3142459299"],"related_works":["https://openalex.org/W1556452925","https://openalex.org/W7099035623","https://openalex.org/W2614229364","https://openalex.org/W2946027842","https://openalex.org/W3125816154","https://openalex.org/W2787674055","https://openalex.org/W1559694721","https://openalex.org/W2730717850","https://openalex.org/W1500000061","https://openalex.org/W2338179872"],"abstract_inverted_index":{"We":[0,116],"argue":[1],"that":[2,41],"a":[3,29,38,87],"\"static\"":[4],"specification":[5],"of":[6,20,47,57,63,90,120],"the":[7,45,58,64,72,76,91,100,104,125],"Maastricht":[8],"criterion":[9],"for":[10,103,112],"long-term":[11],"bond":[12,61,98,122],"yields":[13,62,74,123],"is":[14,42],"not":[15],"conducive":[16],"to":[17,32,37,71],"assessing":[18,33],"stability":[19],"financial":[21,48],"systems":[22],"in":[23,69],"euro-candidate":[24],"countries.":[25],"Instead,":[26],"we":[27,52],"advocate":[28],"dynamic":[30],"approach":[31],"interest":[34],"rate":[35],"convergence":[36],"common":[39],"currency":[40],"based":[43],"on":[44],"analysis":[46],"system":[49],"stability.":[50],"Accordingly,":[51],"empirically":[53],"test":[54],"volatility":[55],"dynamics":[56],"ten-year":[59],"sovereign":[60,97],"2004":[65],"EU":[66,126],"accession":[67],"countries":[68],"relation":[70],"eurozone":[73,96],"during":[75],"January":[77],"2,":[78],"2001-January":[79],"22,":[80],"2009,":[81],"sample":[82],"period.":[83],"Our":[84],"results":[85],"show":[86],"varied":[88],"degree":[89],"relationship":[92],"between":[93],"domestic":[94],"and":[95,108,110,114],"yields,":[99],"most":[101],"pronounced":[102],"Czech":[105],"Republic,":[106],"Slovenia,":[107],"Poland,":[109],"weaker":[111],"Hungary":[113],"Slovakia.":[115],"find":[117],"some":[118],"divergence":[119],"relative":[121],"since":[124],"accession.":[127]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2023,"cited_by_count":3},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":5},{"year":2013,"cited_by_count":4},{"year":2012,"cited_by_count":3}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}