The Monetary Model Of Exchange Rates And Cointegration
DOWNLOAD
Download The Monetary Model Of Exchange Rates And Cointegration PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get The Monetary Model Of Exchange Rates And Cointegration book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
The Monetary Model Of Exchange Rates And Cointegration
DOWNLOAD
Author : Javier Gardeazabal
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
The Monetary Model Of Exchange Rates And Cointegration written by Javier Gardeazabal and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
These notes draw from the Theory of Cointegration in order to test the monetary model of exchange rate determination. Previous evidence shows that the monetary model does not capture the short run dynamics of the exchange rate, specially when assessed in terms of forecasting accuracy. Even though the monetary equations of exchange rate determination may be bad indicators of how exchange rates are determined in the short run, they couldstill describe long run equilibrium relationships between the exchange rate and its fundamentals. Stationary deviations from those long run relationships are allowed in the short run. This book also addresses severalissues on Cointegration. Chapter 6 studies the small sample distribution of the likelihood ratio test statistics (on the dimension and restrictions on the cointegrating space) under deviations from normality. This monograph also focuses on the issue of optimal prediction in partially nonstationary multivariate time series models. In particular, it caries out an exchange rate prediction exercise.
The Monetary Model Of Exchange Rates And Cointegration
DOWNLOAD
Author : J. Gardeazabal
language : en
Publisher:
Release Date : 1992
The Monetary Model Of Exchange Rates And Cointegration written by J. Gardeazabal and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with categories.
These notes draw from the Theory of Cointegration in order to test the monetary model of exchange rate determination. Previous evidence shows that the monetary model does not capture the short run dynamics of the exchange rate, specially when assessed in terms of forecasting accuracy. Even though the monetary equations of exchange rate determination may be bad indicators of how exchange rates are determined in the short run, they couldstill describe long run equilibrium relationships between the exchange rate and its fundamentals. Stationary deviations from those long run relationships are allowed in the short run. This book also addresses severalissues on Cointegration. Chapter 6 studies the small sample distribution of the likelihood ratio test statistics (on the dimension and restrictions on the cointegrating space) under deviations from normality. This monograph also focuses on the issue of optimal prediction in partially nonstationary multivariate time series models. In particular, it caries out an exchange rate prediction exercise.
The Economics Of Exchange Rates
DOWNLOAD
Author : Lucio Sarno
language : en
Publisher: Cambridge University Press
Release Date : 2003-01-09
The Economics Of Exchange Rates written by Lucio Sarno and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-01-09 with Business & Economics categories.
In the last few decades exchange rate economics has seen a number of developments, with substantial contributions to both the theory and empirics of exchange rate determination. Important developments in econometrics and the increasingly large availability of high-quality data have also been responsible for stimulating the large amount of empirical work on exchange rates in this period. Nonetheless, while our understanding of exchange rates has significantly improved, a number of challenges and open questions remain in the exchange rate debate, enhanced by events including the launch of the Euro and the large number of recent currency crises. This volume provides a selective coverage of the literature on exchange rates, focusing on developments from within the last fifteen years. Clear explanations of theories are offered, alongside an appraisal of the literature and suggestions for further research and analysis.
The Theory And Empirics Of Exchange Rates
DOWNLOAD
Author : Imad A Moosa
language : en
Publisher: World Scientific
Release Date : 2009-07-15
The Theory And Empirics Of Exchange Rates written by Imad A Moosa and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-07-15 with Business & Economics categories.
Exchange rate economics is an important field of investigation for academics, professionals and policy-makers. This book provides a comprehensive survey of the theory of and empirical evidence on the determination and effects of exchange rates. The exposition utilizes both diagrammatic and mathematical representations of the underlying models. The book is a comprehensive reference for those engaged in this field of research.
Balance Of Payments Adjustment
DOWNLOAD
Author : Augustine C. Arize
language : en
Publisher: Bloomsbury Publishing USA
Release Date : 2000-01-30
Balance Of Payments Adjustment written by Augustine C. Arize and has been published by Bloomsbury Publishing USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-01-30 with Business & Economics categories.
The five parts of this collection of essays systematically and thoroughly examine the two competing theories of balance of payments and adjustment, namely the Keynesian and the Monetary approaches. Each part deals with specific aspects of the two approaches. Part I surveys the theories behind these two approaches, looking at the presuppositions, main theory, and policy recommendations which they include. Part II examines the empirical literature and describes the numerous models which have been proposed. Part III critiques the two theories on their assumptions, policy advice and empirical modeling. Part IV compares and contrasts the two views, both theoretically and empirically. Empirical studies on different countries are performed to emphasize the differing set of accounts and variables of the two approaches. Part V considers the approaches in a regime of flexible exchange rates. Scholars, students and researchers will find this collection of great help in understanding the two approaches to balance of payments and adjustment.
Open Economy Macroeconomics In East Asia
DOWNLOAD
Author : Ahmad Zubaidi Baharumshah
language : en
Publisher: Routledge
Release Date : 2017-11-30
Open Economy Macroeconomics In East Asia written by Ahmad Zubaidi Baharumshah and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-30 with Business & Economics categories.
The East Asia countries were among the fastest growing economies in the world and of increasing importance to the world economy. These countries have taken the lead in adopting outward-oriented development policies. This volume focuses on the major issues on open economy macroeconomics in the East Asia economies that will be instructive to both academics and policymakers. The emphasis is on the countries that were severely affected by the 1997/98 Asian financial crises. Several aspects of exchange rate, current account, budget deficits, monetary and financial issues are considered in this book. In addition, several chapters are devoted to discussion on the issues of economic integration in the region. The contagion and the currency crisis are also discussed thoroughly. Most of the chapters are empirical in nature and the empirical evidence provided is based on the recent development in time series econometrics methods.
Quantitative Exchange Rate Economics In Developing Countries
DOWNLOAD
Author : M. Rusydi
language : en
Publisher: Springer
Release Date : 2007-07-12
Quantitative Exchange Rate Economics In Developing Countries written by M. Rusydi and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-07-12 with Business & Economics categories.
This book examines the options for adopting an appropriate model of the exchange rate determination and its associated regime suitable for developing countries. It shows that a credible exchange rate regime and policy may mitigate the flight to currency from broad money, and ensure stability and certainty for private sectors.
Econometric Analysis Of Financial Markets
DOWNLOAD
Author : Jürgen Kaehler
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Econometric Analysis Of Financial Markets written by Jürgen Kaehler and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
This collection of papers represents the state of the art in the applicationof recent econometric methods to the analysis of financial markets. From a methodological point of view the main emphasis is on cointegration analysis and ARCH modelling. In cointegration analysis the links between long-runcomponents of time series are studied. The methods used can be applied to the determination of equilibrium relationships between the variables, whereas ARCH models are concerned with the measurement and analysis of changing variances in time series. These econometric models have been the most significant innovations for the empirical analysis of financial time series in recent years. Other econometric methods and models applied in the papers include factor analysis, vector autoregressions, and Markov-switching models. The papers cover a wide range of issues and theories in financial and international economics: the term structure ofinterest rates, exchange-rate determination, target-zone dynamics, stock-market efficiency, and option pricing.
Recent Developments In Asian Economics
DOWNLOAD
Author : William A. Barnett
language : en
Publisher: Emerald Group Publishing
Release Date : 2021-03-01
Recent Developments In Asian Economics written by William A. Barnett and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-01 with Business & Economics categories.
Recent Developments in Asian Economics is a crucial resource of current, cutting-edge research for any scholar of international finance and economics. Chapters cover a wide range of topics, such as social welfare systems, organizational culture, sustainability, the impact of economic policy uncertainty, and more.
Exchange Rate Economics
DOWNLOAD
Author : Ronald MacDonald
language : en
Publisher: Psychology Press
Release Date : 2007
Exchange Rate Economics written by Ronald MacDonald and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
First Published in 2007. Routledge is an imprint of Taylor & Francis, an informa company.