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Exchange Rate – Relative Price Relationship: Nonlinear Evidence from Malaysia
Liew, Venus Khim-Sen; Lim, Kian-Ping; Lau, Evan; … - EconWPA - 2003
misalignment of the Ringgit currency and thereby deducing effective policy actions. Second, the effort of Bank Negara Malaysia (BNM … complicated monetary exchange models may do so comfortably, at least in the text of Malaysia. Nonetheless, such attempt should be …
Persistent link: https://www.econbiz.de/10005124933
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Exchange Rate – Relative Price Relationship: Nonlinear Evidence from Malaysia
Liew, Venus Khim-Sen; Lim, Kian-Ping; Lau, Evan; … - EconWPA - 2003
misalignment of the Ringgit currency and thereby deducing effective policy actions. Second, the effort of Bank Negara Malaysia (BNM … complicated monetary exchange models may do so comfortably, at least in the text of Malaysia. Nonetheless, such attempt should be …
Persistent link: https://www.econbiz.de/10005124941
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The Exchange Rate Forecasting Puzzle
Vitek, Francis - EconWPA - 2005
We survey and update the empirical literature concerning the predictability of nominal exchange rates using structural macroeconomic models over the recent floating exchange rate period. In particular, we consider both flexible and sticky price versions of the monetary model of nominal exchange...
Persistent link: https://www.econbiz.de/10005062703
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The monetary approach to exchange rates in the CEECs
Crespo-Cuaresma, Jesús; Fidrmuc, Jarko; McDonald, Ronald - EconWPA - 2004
A panel data set for six Central and Eastern European countries (the Czech Republic, Hungary, Poland, Romania, Slovakia and Slovenia) is used to estimate the monetary exchange rate model with panel cointegration methods, including the Pooled Mean Group estimator, the Fully Modified Least Square...
Persistent link: https://www.econbiz.de/10005561077
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Real Exchange Rate Misalignment in Turkey, 1987-2003 (in Turkish)
Kibritcioglu, Aykut; Kibritcioglu, Bengi - EconWPA - 2004
Real exchange rate misalignment measures deviations of actual real exchange rate from its long-run, or equilibrium …, level. Policy makers and many researchers are interested in predicting and monitoring misalignment in the foreign exchange … of misalignment employed in this study show that the differences between these alternative measures vary between 6.5 and …
Persistent link: https://www.econbiz.de/10005412763
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Monetary Model of exchange rate: empirical evidence from Malawi
Simwaka, Kisu - EconWPA - 2004
In this paper, we examine the monetary model of the Malawi Kwacha – U S dollar exchange rate during the current floating exchange rate system by applying several recent developments in the econometrics of unit roots and cointegration. Several interesting and important results are found. A...
Persistent link: https://www.econbiz.de/10005561097
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CAUSAL RELATIONSHIPS BETWEEN EXCHANGE RATES AND STOCK PRICES IN MALAYSIA AND THAILAND DURING THE 1997 CURRENCY CRISIS TURMOIL
Hussain, Huzaimi; Liew, Venus Khim-Sen - EconWPA - 2004
relationship between exchange rate and stock price in Malaysia, whereas a unidirectional causal relationship running from exchange …
Persistent link: https://www.econbiz.de/10005556595
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The impact on the U.S. Dollar of the conflict between the American locomotive’s model and the emerging economies’ autopoietic growth.
Viviani, Carlo; Savona, Paolo - EconWPA - 2005
The purpose of this paper is to put the future of the US dollar into a logical framework which comprises the global development mechanism. Two models of growth collide: the US «locomotive», based on the international use of the dollar, and which requires exogenous pushes coming permanently...
Persistent link: https://www.econbiz.de/10005124951
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Forecasting Performance of Logistic STAR Exchange Rate Model: The Original and Reparameterised Versions
Sen, Liew Khim; Baharumshah, Ahmad Zubaidi - EconWPA - 2003
Exponential Smooth Transition Autoregressive (ESTAR) model is widely adopted in the exchange rate study as its symmetrical distribution matches that of the symmetrical exchange rate adjustment behaviour. In contrast, another specification of STAR model, namely the LSTAR (logistic STAR) model is...
Persistent link: https://www.econbiz.de/10005125620
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Modelling International Bond Markets with Affine Term Structure Models
Mosburger, Georg; Schneider, Paul - EconWPA - 2005
This paper investigates the performance of international affine term structure models (ATSMs) that are driven by a mutual set of global state variables. We discuss which mixture of Gaussian and square root processes is best suited for modelling international bond markets. We derive necessary...
Persistent link: https://www.econbiz.de/10005134688