IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

A Comment on Empirical Estimation of Patterns of Shocks Utilizing the VAR Methodology on Developing Countries

Listed author(s):
  • Matangi Maskay, Nephil


    (College of Wooster)

What is a countr y’s optimal choice of an exchange rate regime? One avenue which has gained prominence is the Optimum Currency Area criteria of pattems of shocks which suggests that a flexible exchange rate may be less costly for regions who face asymmetric shocks, since they are forced to have conflicting policy responses, and vice versa.1 While there are a number of methodologies to calculate the pattems of shocks, the VAR methodology, which results from a technique introduced in Bayoumi and Eichengreen á[1992, 1994]; B&E from now onñ, may be at present one of the most popular. In the estimation of their model the authors have introduced some “over-identifying conditions”2 (called OIC from now on) which confirm the validity of their decomposition.

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Article provided by Center for Economic Integration, Sejong University in its journal Journal of Economic Integration.

Volume (Year): 13 (1998)
Issue (Month): ()
Pages: 544-548

in new window

Handle: RePEc:ris:integr:0086
Contact details of provider: Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:ris:integr:0086. 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: (Jong-Eun Lee)

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.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 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.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.