TESTING MONETARY EXCHANGE RATE MODELS WITH PANEL COINTEGRATION TESTS

TESTING MONETARY EXCHANGE RATE MODELS WITH PANEL COINTEGRATION TESTS

The monetary exchange rate models explain the long run behaviour of the nominal exchange rate. Their central assertion is that there is a long run equilibrium relationship between the nominal exchange rate and monetary macro-fundamentals. Although these models are essential tools of international ma...

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Bibliographic Details
Main Author: Szabo Andrea
Format: Article
Language:deu
Published: University of Oradea 2015-07-01
Series:Annals of the University of Oradea: Economic Science
Subjects:
monetary exchange rate models, cointegration, empirical testing, OECD countries, Pedroni panel cointegration test, Kao panel cointegration test
Online Access:http://anale.steconomiceuoradea.ro/volume/2015/n1/073.pdf

Internet

http://anale.steconomiceuoradea.ro/volume/2015/n1/073.pdf

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