1992 | OriginalPaper | Chapter
Conclusions
Authors : Dr. Javier Gardeazabal, Dr. Marta Regúlez
Published in: The Monetary Model of Exchange Rates and Cointegration
Publisher: Springer Berlin Heidelberg
Included in: Professional Book Archive
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The empirical evidence presented in this monograph is an attempt to revive the monetary model of exchange rate determination as a long run relationship. The interesting feature of this interpretation of the monetary model is that it allows for short run deviations of the exchange rate from its fundamentals.