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Cross-Section Dependence and the Monetary Exchange Rate Model: A Panel Analysis
Beckmann, Joscha; Belke, Ansgar; Dobnik, Frauke - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011
national stochastic trends. We find evidence for a cross-section cointegration relationship between the exchange rates and …
Persistent link: https://www.econbiz.de/10009003457
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Cross-section dependence and the monetary exchange rate model – A panel analysis
Beckmann, Joscha; Belke, Ansgar; Dobnik, Frauke - In: The North American Journal of Economics and Finance 23 (2012) 1, pp. 38-53
finding indicates that cross-member cointegration exists and non-stationarity in exchange rates and fundamentals is mainly …
Persistent link: https://www.econbiz.de/10010886092
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Monetary exchange rate model as a long-run phenomenon: evidence from Nigeria
Adawo, Monday A.; Effiong, Ekpeno L. - Volkswirtschaftliche Fakultät, … - 2013
(1990) and Johansen (1991) cointegration technique, this paper examines the long-run validity of the monetary exchange rate …
Persistent link: https://www.econbiz.de/10011108296
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The Harrod-Balassa-Samuelson Hypothesis: Real Exchange Rates and their Long-Run Equilibrium
Chong, Yanping; Jordà, Òscar; Taylor, Alan M. - C.E.P.R. Discussion Papers - 2010
Frictionless, perfectly competitive traded-goods markets justify thinking of purchasing power parity (PPP) as the main driver of exchange rates in the long-run. But differences in the traded/non-traded sectors of economies tend to be persistent and affect movements in local price levels in ways...
Persistent link: https://www.econbiz.de/10008550320
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Does the nominal exchange rate regime affect the real interest parity condition?
Dreger, Christian - FIW - 2010
The real interest parity (RIP) condition combines two cornerstones in international finance, uncovered interest parity (UIP) and ex ante purchasing power parity (PPP). The extent of deviation from RIP is therefore an indicator of the lack of product and financial market integration. This paper...
Persistent link: https://www.econbiz.de/10008751901
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Does the Nominal Exchange Rate Regime Affect the Real Interest Parity Condition?
Dreger, Christian - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008
The real interest partity (RIP) condition combines two cornerstones in international finance, uncovered interest parity (UIP) and ex ante purchasing power parity (PPP). The extent of deviation from RIP is therefore an indicator of the lack of product and financial market integration. This paper...
Persistent link: https://www.econbiz.de/10010896121
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Does the Nominal Exchange Rate Regime Affect the Real Interest Parity Condition?
Dreger, Christian - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008
The real interest partity (RIP) condition combines two cornerstones in international finance, uncovered interest parity (UIP) and ex ante purchasing power parity (PPP). The extent of deviation from RIP is therefore an indicator of the lack of product and financial market integration. This paper...
Persistent link: https://www.econbiz.de/10004963984
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Does the Nominal Exchange Rate Regime Affect the Real Interest Parity Condition?
Dreger, Christian - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008
The real interest partity (RIP) condition combines two cornerstones in international finance, uncovered interest parity (UIP) and ex ante purchasing power parity (PPP). The extent of deviation from RIP is therefore an indicator of the lack of product and financial market integration. This paper...
Persistent link: https://www.econbiz.de/10005069144
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Economic Integration and the Foreign Exchange
Weber, Enzo - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2007
This paper demonstrates effects of economic convergence processes on the foreign exchange behaviour in a monetary modelling approach. Since the exchange rate represents the relative price of two currencies, commonness of stochastic trends between the fundamental determinants of supply and demand...
Persistent link: https://www.econbiz.de/10005678042
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Economic Integration and the Foreign Exchange
Weber, Enzo - Volkswirtschaftliche Fakultät, … - 2007
This paper demonstrates effects of economic convergence processes on the foreign exchange behaviour in a monetary modelling approach. Since the exchange rate represents the relative price of two currencies, commonness of stochastic trends between the fundamental determinants of supply and demand...
Persistent link: https://www.econbiz.de/10005619368