Obben, James; Pech, Andrew; Shakur, Shamim - In: New Zealand Economic Papers 40 (2006) 2, pp. 147-180
This study employs the cointegrating VAR approach to characterise the relationships between the five exchange rates comprising the TWI and the share market in New Zealand. Weekly data covering January 1999 to June 2006 are analysed. The study discovers there are two types of long-run...