Results 161 to 170 of about 27,054 (194)

Cointegration and the Monetary Exchange Rate Model Revisited*

Oxford Bulletin of Economics and Statistics, 2002
To test for cointegration in a multiple of countries a number of procedures are available: a panel vector error correction framework, a panel-data version of the Engle and Granger (1987) two-step procedure and the Johansen (1991) trace statistic. We apply these three methods on two four-country datasets consisting of the exchange rate data and monetary
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Nonlinear Exchange Rate Adjustment and the Monetary Model

Review of International Economics, 2013
AbstractAlthough the empirical literature has delivered evidence in favor of nonlinearities in nominal and real exchange rate adjustment, the corresponding mechanisms with respect to the relationship between nominal exchange rates and fundamentals in general have rarely been put under any close scrutiny.
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The monetary model of exchange rate: evidence from The Philippines

Applied Economics Letters, 2007
This note examines the empirical validity of the monetary model of exchange rate determination for The Philippines via cointegration and vector error-correction model. It is found that the monetary model is a valid framework for the long-run exchange rate between Philippines peso-US Dollar exchange rate.
Lee Chin, M. Azali, Zulkornain B. Yusop, Mohammed B. Yusoff   +3 more
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Parameter instability, superexogeneity, and the monetary model of the exchange rate

Review of World Economics, 2001
Parameter Instability, Superexogeneity and the Monetary Model of the Exchange Rate. — This paper argues that failure to test for parameter time invariance yields misleading results. Time heterogeneity other than unit roots will make the parameters of the unrestricted system unstable and statistical inference invalid.
Caporale, Guglielmo Maria, Pittis, Nikitas   +1 more
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Monetary-based models of the exchange rate: a panel perspective

Journal of International Financial Markets, Institutions and Money, 1998
In this paper we re-examine the monetary model of the exchange rate in a panel context. In particular, we examine three panel data sets constructed for the US dollar, German mark and Japanese yen exchange rates using annual data for the recent floating experience. Amongst our findings are: compelling evidence of cointegrating relationships in all three
Steven Husted, Ronald MacDonald
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Unstable Money Demand and the Monetary Model of the Exchange Rate

The Canadian Journal of Economics, 1988
In this paper, the authors investigate the importance for the monetary model of exchange rate determination of J. Frankel (1979) of allowing unrestricted dynamics and of accounting for shifts in the demand for money due to financial innovation. Based on estimation and simulation results for the Canada-U.S.
Paul M. Boothe, Stephen S. Poloz
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Dynamic forecasting of sticky-price monetary exchange rate model

Atlantic Economic Journal, 2003
The Dornbusch-Frankel monetary model is used to estimate the out-of-sample forecasting performance for the U.S. or Canadian dollar exchange rate. By using Johansen's multivariate cointegration, up to three cointegrating vectors were found between the exchange rate and macroeconomic fundamentals.
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On the volatility of exchange rates: Tests of monetary and portfolio balance models of exchange rate determination

Weltwirtschaftliches Archiv, 1989
Zu den Schwankungen von Wechselkursen: Tests von monetAren und Portfolio-Modellen der Wechselkursbestimmung. - Anhand einer Methodologie, die aus der Literatur des Finanzwesens ubernommen wurde, wird in diesem Aufsatz getestet, ob die beobachteten Schwankungen der Wechselkurse durch die beobachteten Schwankungen der Determinanten erklArt werden konnen.
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A Centre-Periphery Model of Monetary Coordination and Exchange Rate Crises [PDF]

, 1995
The paper analyses the modalities and consequences of a breakdown of cooperation between the monetary authorities of inflation-prone periphery countries that use an exchange rate peg as an anti-inflationary device, when the centre is hit by an aggregate demand shock.
Willem H. Buiter, Giancarlo Corsetti, Paolo A. Pesenti   +2 more
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Exchange Rate Devaluation: A Monetary Model and Empirical Investigation [PDF]

Eastern Economic Journal, 1988
This paper uses a monetary approach to examine the impact of change s in the exchange rate, domestic credit, and gros s domestic product on the balance of payments during devaluation episodes of less develope d countries (LDCs) and advanced countries (ACs). Second, it estimates t he relative responsiveness of LDCs and ACs to devaluation.
Parviz Asheghian, William G. Foote
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