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This paper examines the significance of different fundamental regimes by applying various monetary models of the exchange rate to one of the politically most important exchange rates, the exchange rate of the US dollar vis-à-vis the euro (the DM). We use monthly data from 1975:01 to 2007:12....
Persistent link: https://www.econbiz.de/10010265822
This paper examines the significance of different fundamental regimes by applying various monetary models of the exchange rate to one of the politically most important exchange rates, the exchange rate of the US dollar vis-à-vis the euro (the DM). We use monthly data from 1975:01 to 2007:12....
Persistent link: https://www.econbiz.de/10010271135
national stochastic trends. We find evidence for a cross-section cointegration relationship between the exchange rates and …
Persistent link: https://www.econbiz.de/10010280799
bivariate cointegration between domestic and foreign interest rates. We explain non-stationarity of the interest differential … stochastic trend into the system. Trivariate cointegration between the interest rates and the exchange rate accounts for the …
Persistent link: https://www.econbiz.de/10010281908
We show that empirical results concerning the behavior of floating exchange rates differ between otherwise identical cointegrated and non-cointegrated VAR models. In particular, virtually all ten-year movements in nominal exchange rates are due to fundamental supply and demand shocks when long...
Persistent link: https://www.econbiz.de/10010321604
, Guyana, Jamaica and Trinidad, during the 1985-1993 period using cointegration, Granger causality, and reduced form methods …
Persistent link: https://www.econbiz.de/10010369185
are included in the analysis. From the cointegration analysis and VAR analysis both long-term links and short-term links …
Persistent link: https://www.econbiz.de/10010291121
expenditure, and food production index in Ghana was investigated spanning from 1971 to 2013 using the Autoregressive and … Distributed Lag (ARDL) method. The study tested for unit root, ARDL bounds cointegration test, ARDL long-run elasticities, Granger … consumption expenditure will help reduce child mortality rates in Ghana. In order to reduce child mortality rates among children …
Persistent link: https://www.econbiz.de/10011559223
the tomato markets of Ghana by simultaneously regarding its five most important markets, Navrongo, Techiman, Kumasi … shown to spillover between the price relationships. Consequently, tomato markets in Ghana appear to be integrated and …
Persistent link: https://www.econbiz.de/10010330012
Persistent link: https://www.econbiz.de/10011985851