Testing the long-run validity of the monetary approach to the exchange rate: the won-US
AbstractThis paper examines via cointegration techniques the empirical validity of the monetary model of exchange rate determination as a long-run equilibrium condition for the Korean won-U.S. dollar rate over the recent period of economic liberalization in Korea. Using monthly data from 1980 to 1995, it is found that the unrestricted version of the monetary model provides a valid framework for analysing long-run movements in the exchange
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 5 (1998)
Issue (Month): 8 ()
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- Sovannroeun SAMRETH & Dara LONG, 2008.
"The Monetary Model of Exchange Rate: Evidence from the Philippines Using ARDL Approach,"
AccessEcon, vol. 6(31), pages 1-13.
- Long, Dara & Samreth, Sovannroeun, 2008. "The Monetary Model of Exchange Rate: Evidence from the Philippines Using ARDL Approach," MPRA Paper 9822, University Library of Munich, Germany.
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