Exchange rate determination in Jamaica: A market microstructures and macroeconomic fundamentals approach

This paper uses hybrid models that combine economic fundamentals and micro-market variables to investigate the behaviour of US/Jamaica exchange rate. The co-integration analysis applied to post 2000 monthly data indicates, in contrast to previous studies done on Jamaica that these models give a better fit, produce parameter estimates with sensible signs and sizes and allow for long run relationships which are not present when the micro-based variables are excluded.

MoreLess

Year of publication:	2011
Authors:	Wright, Allan S ; Craigwell, Roland C ; RamjeeSingh, Diaram
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Exchange Rates \| Microstructure \| Co-integration

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Notes:	Published in Journal of Business, Finance and Economics in Emerging Economies 1.6(2011): pp. 31-61
Classification:	F4 - Macroeconomic Aspects of International Trade and Finance ; F3 - International Finance ; C22 - Time-Series Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009294916