AN EMPIRICAL EXAMINATION OF THE LONG RUN MONETARY (EXCHANGE RATE) MODEL

The monetary approach to long run exchange rate determination is reexamined for the Canadian — US dollar exchange rate. We first test for non‐stationarity, and then conduct a multivariate cointegration analysis to examine the validity of the monetary model in determination of exchange rates over the long run. Our results uphold the validity of the monetary approach.

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Year of publication:	1998
Authors:	Dutt, Swarna D. ; Ghosh, Dipak
Published in:	Studies in Economics and Finance. - MCB UP Ltd, ISSN 1755-6791, ZDB-ID 2070355-7. - Vol. 19.1998, 1/2, p. 62-83
Publisher:	MCB UP Ltd

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Type of publication:	Article
Type of publication (narrower categories):	review-article
Language:	English
Other identifiers:	10.1108/eb028753 [DOI]
Source:	Other ZBW resources

Persistent link: https://www.econbiz.de/10015013842