Search Results - subject:"Monetary Exchange Rate Model"

Economic Integration and the Foreign Exchange

Weber, Enzo - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2007

US. Keywords: Monetary Exchange Rate Model, Convergence, Stationarity, Australia JEL classification: F31, F41, C32 1 This … guidelines for the empirical treatment of time series properties in the monetary exchange rate model are provided. For … exchange rate model. In this, the factors contributing to exchange rate movements are evidently restricted to the ones from the …

Persistent link: https://www.econbiz.de/10005678042

Economic Integration and the Foreign Exchange

Weber, Enzo - Volkswirtschaftliche Fakultät, … - 2007

This paper demonstrates effects of economic convergence processes on the foreign exchange behaviour in a monetary modelling approach. Since the exchange rate represents the relative price of two currencies, commonness of stochastic trends between the fundamental determinants of supply and demand...

Persistent link: https://www.econbiz.de/10005619368

Misalignment, Liabilities Dollarization and Exchange Rate Adjustment in Latin America

Alberola, Enrique - 2007

Exchange rates in Latin America display a large volatility, constitute a central element of the policy strategies and their evolution have an important impact on financial stability due to the dollarization of liabilities which most countries exhibit. However, assessments on equilibrium exchange...

Persistent link: https://www.econbiz.de/10014051324

Short-term exchange-rate effects of capital flows in a small open economy with pure exchange-rate targeting : empirical evidence from Denmark's recent exchange-rate history 1984 - 2004

Abildgren, Kim (contributor) - 2007

Utilising a unique data set on monthly private cross-border portfolio gross and net flows to and from Denmark 1984-2004 the paper analyses the short-term relationship between capital flows related to portfolio investments and changes in the Danish nominal krone rate vis-à-vis the euro (D-mark...

Persistent link: https://www.econbiz.de/10003433540

Economic integration and the foreign exchange

Weber, Enzo (contributor) - 2007

trends in money and interest rates characterise the relation of Australia towards the US. -- Monetary Exchange Rate Model … US. Keywords: Monetary Exchange Rate Model, Convergence, Stationarity, Australia JEL classification: F31, F41, C32 1 This … guidelines for the empirical treatment of time series properties in the monetary exchange rate model are provided. For …

Persistent link: https://www.econbiz.de/10003633997

Exchange Rate Models, Long Run Equilibrium, Dynamics and Hysteresis

Bouveret, Antoine; Sterdyniak, Henri - 2007

Forecasting exchange rates remains a tricky issue for economists. In spite of a theoretical consistent framework, macroeconomic models fail to beat random walk models and market expectations doesn't have any predictive power. This article addresses some problems of exchange rate macroeconomic...

Persistent link: https://www.econbiz.de/10014062157

Can Panel Data Really Improve the Predictability of the Monetary Exchange Rate Model?

Westerlund, Joakim; Basher, Syed A. - Volkswirtschaftliche Fakultät, … - 2006

A common explanation for the inability of the monetary model to beat the random walk in forecasting future exchange rates is that conventional time series tests may have low power, and that panel data should generate more powerful tests. This paper provides an extensive evaluation of this power...

Persistent link: https://www.econbiz.de/10005789565

The impact of foreign interest rates on the economy : the role of the exchange rate regime

Di Giovanni, Julian; Shambaugh, Jay C. - 2006

Persistent link: https://www.econbiz.de/10003305086

Fixed or Floating Exchange Regimes : Does it Matter for Inflation?

Quirk, Peter J. - 2006

This paper reviews recent experience with the choice of floating or fixed (quot;anchorquot;) exchange regimes in industrial and developing countries. It concludes that desirable differences between the two sets of regimes have narrowed, owing to the useful operational role of exchange rate...

Persistent link: https://www.econbiz.de/10012781604

Some Evidence on Exchange Rate Determination in Major Industrial Countries

Johnston, Robert B. - 2006

This paper examines the role of long-run monetary and cyclical factors in determining exchange rate movements. Results of empirical study using a data set that includes Canada, Germany, Japan, the United Kingdom, and the United States support the view that exchange rate movements can be...

Persistent link: https://www.econbiz.de/10012782218