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

On the determination of the DM-dollar exchange rate: Bekx and Tullio's 1989-study revisited

Listed author(s):
  • C.C.A. Winder
Registered author(s):

    In this report the author evaluates the results of Bekx and Tullio, who were the first to analyse the European area-wide money demand. Rather surprisingly, their paper is a standard reference in the literature on European money demand although their main focus is on the DM-$ exchange rate within a monetaristic model of exchange rate determination. Their research led to the conclusion that the foundation of the EMS had the consequence that the DM-$ exchange rate is more appropriately explained by European than by German fundamentals. Moreover, they find that currency substitution has a significant impact on the demand for money. The results of the current study indicate that the empirical findings of Bekx and Tullio cannot be confirmed. Neither does the author find a significant impact on currency substitution on the demand for money nor that the DM-$ exchange rate is driven by European rather than German fundamentals.

    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.

    Paper provided by Netherlands Central Bank, Research Department in its series WO Research Memoranda (discontinued) with number 521.

    in new window

    Date of creation: 1997
    Handle: RePEc:dnb:wormem:521
    Contact details of provider: Postal:
    Postbus 98, 1000 AB Amsterdam

    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:dnb:wormem:521. 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: (Rob Vet)

    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.