Rahman, Matiur; Balic, Mihajlo; Swindle, Charles B. - In: Global Business and Economics Review 7 (2005) 4, pp. 311-323
This paper analyses the role of relative GDP and broad money supply (M2) in the determination of the yen-dollar exchange rate. The sample period spans from the first quarter of 1988 to the second quarter of 2004. Standard cointegration procedures are applied. No clear evidence of a long-run...