Testing monetary model of exchange rates in emerging economies: new evidence from ASEAN 5+2 countries
The objective of this paper is two-fold; first, to test whether exchange rates are cointegrated with macroeconomic fundamentals as the theory predicts and secondly, to examine whether flexible-price monetary models can be used to predict and forecast future exchange rates successfully. The panel coi...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
Faculty of Economics and Management, Universiti Putra Malaysia
2007
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| Online Access: | http://psasir.upm.edu.my/id/eprint/721/1/Testing%20monetary%20model%20of%20exchange%20rates%20in%20emerging%20economies.pdf http://psasir.upm.edu.my/id/eprint/721/ http://econ.upm.edu.my/ijem/vol1_no2.htm |
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