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1992 | OriginalPaper | Chapter

Short Run Exchange Rate Determination

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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In this chapter we study the short run dynamics of the exchange rate. In particular, we are interested in how the exchange rate reacts to transitory deviations from the long run equilibrium. By inspecting the ECM we can see that the loadings matrix a plays an extremely important role in this matter.

previous chapter Long Run Exchange Rate Determination II
next chapter Effect of Non-Normal Disturbances on Likelihood Ratio Tests
Metadata
Title
Short Run Exchange Rate Determination
Authors
Dr. Javier Gardeazabal
Dr. Marta Regúlez
Copyright Year
1992
Publisher
Springer Berlin Heidelberg
Book
The Monetary Model of Exchange Rates and Cointegration

Print ISBN: 978-3-540-55635-0

Electronic ISBN: 978-3-642-48858-0

Copyright Year: 1992

DOI
https://doi.org/10.1007/978-3-642-48858-0_5