Effects of fundamentals on the exchange rate: A panel analysis for a sample of industrialised and emerging economies
This paper tests the traditional monetary model of exchange rates for a sample of industrialized and emerging market economies by making use of panel techniques that allow for a high degree of heterogeneity across countries. The results demonstrated partial support for the monetary model for industrialised market economies but not for emerging ones. This constitutes a puzzle as it would expect countries with greater monetary instability to show a stronger association between exchange rates and monetary fundamentals.
Year of publication: |
2006
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Authors: | Ferreira, José Eduardo de A. |
Publisher: |
Canterbury : University of Kent, Department of Economics |
Subject: | Foreign Exchange | Fundamentals | Panel Data | Unit Roots | Assets |
Saved in:
freely available
Series: | |
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Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Working Paper |
Language: | English |
Other identifiers: | 516512064 [GVK] hdl:10419/68119 [Handle] |
Classification: | F31 - Foreign Exchange ; F37 - International Finance Forecasting and Simulation ; F41 - Open Economy Macroeconomics |
Source: |
Persistent link: https://www.econbiz.de/10010290679
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