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Real Exchange Rate Movements

Name: Real Exchange Rate Movements
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 07008782
Price: 51.65 EUR
Availability: InStock
Author: Sven-Morten Mentzel
ISBN: 9783790810813

An Econometric Investigation into Causes of Fluctuations in Some Dollar Real Exchange Rates

Sven-Morten Mentzel

Jezik

Njemački

Knjiga Meki uvez

Libristo kod: 07008782

Nakladnici Springer-Verlag Berlin and Heidelberg GmbH & Co. KG, siječanj 1998

One aim of this book is to examine the causes of fluctuations in the mark/dollar, pound/dollar, and... Cijeli opis

Libristo kod: 07008782

125 b

51.65 €

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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.