A monetary analysis of the Drachma/ECU exchange rate determination, 1980-1991

The validity of the monetary approach to the Drachma/ECU exchange rate determination is investigated through cointegration, impulse response and variance decomposition analysis. The empirical results reported confirm recent findings that the monetary approach may be interpreted as a long-run equilibrium condition with highly complex short-run dynamics.

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Year of publication:	2001-01-10
Authors:	Zis, George ; Papadopoulos, Athanasios P.
Published in:	Empirical Economics. - Department of Economics and Finance Research and Teaching. - Vol. 25.2000, 4, p. 653-663
Publisher:	Department of Economics and Finance Research and Teaching
Subject:	Exchange rate \| cointegration \| VAR \| Greece

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Extent:	application/pdf
Type of publication:	Article
Notes:	received: November 1997/Final version received: May 2000
Classification:	C32 - Time-Series Models ; C51 - Model Construction and Estimation ; C52 - Model Evaluation and Testing ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; F31 - Foreign Exchange
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005612891