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Details for article 6 of 9 found articles
| Title: |
The monetary approach to the exchange rate: empirical observations from Korea |
| Author: |
Miyakoshi, Tatsuyoshi |
| Appeared in: |
Applied economics letters |
| Paging: | Volume 7 (2000) nr. 12 pages 791-794 |
| Year: |
2000-12-01 |
| Contents: |
This note re-examines the flexible-price monetary approach to the exchange rate between the Korean won and the three key currencies: the US dollar, the German mark and the Japanese yen. The note reports the important findings. First, at least one cointegrating vector exists, which indicates that an unrestricted flexible-price monetary model is a valid framework for analysing the long run exchange rate. Second, it is found that some popular monetary restrictions on this model are valid for the Korean won-German mark rate and the Korean won-Japanese yen rate: especially all variables in the model are correctly signed and mostly statistically significant for the Korean won-German mark rate. |
| Publisher: |
Routledge |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 6 of 9 found articles
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