Real Exchange Rate Movements

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

von Sven-Morten Mentzel

109 Seiten, Taschenbuch

Kurzbeschreibung des Verlags

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.

• Reihe: Contributions to Economics
• Themen: Wirtschaftswissenschaft, Finanzen, Betriebswirtschaft und Management Wirtschaftswissenschaft Internationale Wirtschaft
• ISBN: 9783790810813
• Sprache: Englisch
• Erscheinungsdatum: 15.01.1998
• Größe: 23.5 x 15.5 cm
• Verlag: Physica