Real Exchange Rate Movements / Contributions to Economics (PDF)
An Econometric Investigation into Causes of Fluctuations in Some Dollar Real Exchange Rates
(Sprache: Englisch)
One aim of this book is to examine the causes of fluctuations in the mark/dollar, pound/dollar, and yen/dollar real exchange rates for the period 1972-1994 with quarterly data to determine appropriate policy recommendations to reduce these movements. A...
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One aim of this book is to examine the causes of fluctuations in the mark/dollar, pound/dollar, and yen/dollar real exchange rates for the period 1972-1994 with quarterly data to determine appropriate policy recommendations to reduce these movements. A second aim is to investigate whether the three real exchange rates are covariance-stationary or not and to which extent they are covariance-stationary, respectively. These aims are reached by using a two-country overshooting model for real exchange rates with real government expenditure and by applying Johansen's maximum likelihood cointegration procedure and a factor model of Gonzalo and Granger to this model.
Bibliographische Angaben
- Autor: Sven-Morten Mentzel
- 2012, 1998, 109 Seiten, Englisch
- Verlag: Physica-Verlag HD
- ISBN-10: 3642590179
- ISBN-13: 9783642590177
- Erscheinungsdatum: 06.12.2012
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- Grösse: 7.35 MB
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Englisch
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