IDEAS home Printed from https://ideas.repec.org/a/fau/fauart/v50y2000i9p503-511.html
   My bibliography  Save this article

Exchange Rates and Monetary Measures

Author

Listed:
  • Evžen Koèenda
  • Juraj Valachy

Abstract

The paper analyzes the impact that certain administrative measures of monetary authorities have on exchange rates. Using the Perron test, the authors test for the existence of structural change in the development of exchange rates in Central and Eastern European countries. The dates when specific monetary measures were implemented were exogenously chosen as demonstrative dates of structural change. The results show that, in most cases, the authors were not able to reject the hypothesis of nonexistence of structural change. The authors conclude that instances of structural change occurred simultaneously with the implementation of monetary measures.

Suggested Citation

  • Evžen Koèenda & Juraj Valachy, 2000. "Exchange Rates and Monetary Measures," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 50(9), pages 503-511, September.
  • Handle: RePEc:fau:fauart:v:50:y:2000:i:9:p:503-511
    as

    Download full text from publisher

    File URL: http://journal.fsv.cuni.cz/mag/article/show/id/612
    Download Restriction: no

    More about this item

    Keywords

    exchange rate; structural change; monetary policy; transition;

    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • P52 - Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fau:fauart:v:50:y:2000:i:9:p:503-511. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lenka Herrmannova). General contact details of provider: http://edirc.repec.org/data/icunicz.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.