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The Monetary Model of Exchange Rate: Evidence from the Philippines Using ARDL Approach [PDF]
In this paper, we re-examine the validity of both short and long run monetary models of exchange rate for the case of the Philippines by using new approach called Autoregressive Distributed Lag (ARDL) to cointegration.
Long, Dara, Samreth, Sovannroeun
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Monetary and Exchange Rate Regimes Changes: The Cases of Poland, Czech Republic, Slovakia and Republic of Serbia [PDF]
The paper explores (former) transition economies, Poland, Czech Republic, Slovakia and the Republic of Serbia, concerning abandonment of the exchange rate targeting and fixed exchange rate regimes and movement toward explicit/implicit inflation targeting
Emilija Beker Pucar +2 more
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The monetary exchange rate model as a long-run phenomenon [PDF]
Journal of International Economics, 2000 Abstract Pure time series-based tests fail to find empirical support for monetary exchange rate models. In this paper we apply pooled time series estimation on a forward-looking monetary model, resulting in parameter estimates which are in compliance with the underlying theory.
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Jurnal Ekonomi Bisnis dan Kewirausahaan (JEBIK), 2019 The monetary policy transmission mechanism has many ways in influencing inflation. This method became known as the monetary path. The use of appropriate channels in monetary policy will affect whether or not the objectives of the monetary policy are ...
Setyo Tri Wahyudi +2 more
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Monetary Model of Exchange Rate for Thailand: Long-run Relationship and Monetary Restrictions [PDF]
Global Economic Review, 2009 This paper examines the long-run relationship between exchange rate and its determinants based on the flexible-price monetary model. The multivariate cointegration approach is adopted to attain our objective of this study. The empirical results provide evidence favoring the monetary approach to exchange rate for a small and open emerging economy ...
Liew, Venus Khim Sen +2 more
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Cross-section dependence and the monetary exchange rate model – A panel analysis [PDF]
The North American Journal of Economics and Finance, 2011 Abstract This paper tackles the issue of cross-section dependence for the monetary exchange rate model in the presence of unobserved common factors using panel data from 1973 until 2007 for 19 OECD countries. Applying a principal component analysis we distinguish between common factors and idiosyncratic components and determine whether non ...
Belke, Ansgar +2 more
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From monetary to exchange rate targets. A comment
PSL Quarterly Review, 2013 A brief comment on M.J. Artis’ From monetary to exchange rate targets. The author qualifies some of the conclusions of the static model, highlights some of the different lessons of the transition problem and offers a somewhat different perspective on the
R. DORNBUSH
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Exchange rate and monetary fundamentals: Long run relationship revisited [PDF]
Panoeconomicus, 2015 This study re-examines the long run validity of the monetary approach to exchange rate determination for India. In particular, the long run association of bilateral nominal exchange rate of Indian rupee vis-à-vis USD, Pound-sterling, Yen and ...
Bhanja Niyati +2 more
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East Asian Economic Review, 2011 This paper first shows an empirical result of VAR that Korean economy has experienced a severe economic contraction to an exogenous country spread shock.
Yongseung Jung
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A monetary model of TL/US$ exchange rate: a co-integrating approach [PDF]
In our paper, we investigate the exchange rate determination mechanism of TL/US$ for the 1987Q1-2006Q4 period using quarterly observations. Following the monetary model exchange rate determination based on the economic fundamentals, the multivariate ...
Levent, Korap
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