![Real Exchange Rate Movements [electronic resource] : An Econometric Investigation into Causes of Fluctuations in Some Dollar Real Exchange Rates /](/search/themes/bootstrap3/images/libros.png)
Real Exchange Rate Movements [electronic resource] : An Econometric Investigation into Causes of Fluctuations in Some Dollar Real Exchange Rates /
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.
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| Main Authors: | , |
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| Format: | Texto biblioteca |
| Language: | eng |
| Published: |
Heidelberg : Physica-Verlag HD : Imprint: Physica,
1998
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| Subjects: | Economic theory., International economics., Economics., International Economics., Economic Theory/Quantitative Economics/Mathematical Methods., |
| Online Access: | http://dx.doi.org/10.1007/978-3-642-59017-7 |
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