Facebook Instagram Twitter RSS Feed PodBean Back to top on side

Monetárny model výmenného kurzu slovenskej koruny

In: Ekonomický časopis/Journal of Economics, vol. 52, no. 8
Jesús Crespo-Cuaresma - Jarko Fidrmuc Číslo ORCID - Ronald Macdonald
Detaily:
Rok, strany: 2004, 915 - 928
Kľúčové slová:
exchange rates, monetary model, panel unit root tests, panel cointegration JEL: C33, F31, F36
O článku:
We discuss the exchange rate determinants of the Slovak currency in the framework of panel data estimations for six Central and Eastern European countries (Czech Republic, Hungary, Poland, Romania, Slovakia and Slovenia). We estimate monetary exchange rate model with several panel cointegration methods, which reflects that the exchange rates and economic fundamentals (differential industrial growth and interest rate differential to the euro area) are found to be non-stationary. Our results show that the monetary model is able to convincingly explain the long-run exchange rate relationships. Finally, the long-run monetary relationship is used to compute monetary equilibrium exchange rates for the Slovak koruna.
Ako citovať:
ISO 690:
Crespo-Cuaresma, J., Fidrmuc, J., Macdonald, R. 2004. Monetárny model výmenného kurzu slovenskej koruny. In Ekonomický časopis/Journal of Economics, vol. 52, no.8, pp. 915-928. 0013-3035.

APA:
Crespo-Cuaresma, J., Fidrmuc, J., Macdonald, R. (2004). Monetárny model výmenného kurzu slovenskej koruny. Ekonomický časopis/Journal of Economics, 52(8), 915-928. 0013-3035.