Exchange rate fluctuations in Croatia: test of uncovered interest rate parity and the open economy model

This study finds that the US dollar/kuna exchange rate for Croatia is positively influenced by the expected exchange rate and negatively associated with real M1, the US T-bond rate, the euro interest rate, the expected inflation rate, and the relative price. Deficit spending does not affect the exchange rate. Most of the variation in exchange rates can be explained by the open economy model and uncovered interest-rate parity.

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Year of publication:	2007
Authors:	Hsing, Yu
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 14.2007, 11, p. 785-788
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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