Upadhyaya, Kamal; Mixon, Franklin; Bhandari, Rabindra - In: Applied Financial Economics 14 (2004) 16, pp. 1181-1185
This paper studies the effect of currency depreciation in Greece and Cyprus using panel data from 1969 to 1998. An empirical model, which includes monetary as well as fiscal variables in addition to exchange rates, is developed. Two versions of this model, one with the real exchange rate and...