Zis, George; Papadopoulos, Athanasios P. - In: Empirical Economics 25 (2000) 4, pp. 653-663
The validity of the monetary approach to the Drachma/ECU exchange rate determination is investigated through cointegration, impulse response and variance decomposition analysis. The empirical results reported confirm recent findings that the monetary approach may be interpreted as a long-run...