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This study is based on the evaluation of the long-run performance of the monetary model approach of exchange rate determination for the newly entered EU members and Turkey. First, we tested the cointegration relationship between exchange rates and monetary variables. Then, the forecast estimates...
Persistent link: https://www.econbiz.de/10008498675
This paper presents empirical evidence which links the exchange rates to monetary variables in the newly entered ten EU members and Turkey. Using the panel version of various cointegration tests, we find a long-run relationship between nominal exchange rate and monetary variables such as...
Persistent link: https://www.econbiz.de/10005180220
This paper considers the major determinants of the current account in the new members of the EU. It examines the long-run and short-run impact of real exchange rate, investment, private and public savings on current account. The bounds testing autoregressive distributed lag (ARDL) approach to...
Persistent link: https://www.econbiz.de/10008764695
The aim of this study is to examine the long-run relationship between the current account and relative prices such as terms of trade and real exchange rate for the emerging economies. These variables have been exposed to large fluctuations for more than the last two decades nearly in all...
Persistent link: https://www.econbiz.de/10008764719
Persistent link: https://www.econbiz.de/10009149683
The aim of this study is to examine the long-run relationship between the current account and relative prices, such as terms of trade (TOT) and real exchange rate, for the emerging economies. These variables have been exposed to large fluctuations for more than two decades in all emerging...
Persistent link: https://www.econbiz.de/10010690571
Persistent link: https://www.econbiz.de/10010119372
Persistent link: https://www.econbiz.de/10008927544
Persistent link: https://www.econbiz.de/10008440921
This study evaluates the short-run and long-run performance of the monetary model approach of exchange rate determination for the emerging economies like Argentina, Brazil, Taiwan and Turkey. The study is based on whether there is a cointegration relationship between the nominal exchange rate...
Persistent link: https://www.econbiz.de/10008566173