Brailsford, T.J.; Penm, Jack; Terrell, R.D. - In: International Journal of Electronic Finance 2 (2008) 1, pp. 50-69
This paper undertakes two causality studies with exchange rate applications in a framework of Zero-Non-Zero (ZNZ) patterned Vector Error-Correction Modelling (VECM). The first study shows that money supply is a source of financial and economic influence on the Euro. The second gives evidence of...
