The monetary model of exchange rate: evidence from The Philippines
This note examines the empirical validity of the monetary model of exchange rate determination for The Philippines via cointegration and vector error-correction model. It is found that the monetary model is a valid framework for the long-run exchange rate between Philippines peso-US Dollar exchange...
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Routledge Taylor & Francis
2007
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my.iium.irep.80242011-11-25T06:53:33Z http://irep.iium.edu.my/8024/ The monetary model of exchange rate: evidence from The Philippines Chin, Lee Azali, Mohamed Yusop, Zulkornain Yusoff, Mohammed HG3810 Foreign exchange This note examines the empirical validity of the monetary model of exchange rate determination for The Philippines via cointegration and vector error-correction model. It is found that the monetary model is a valid framework for the long-run exchange rate between Philippines peso-US Dollar exchange rate. However, the typical linear restrictions of flexible-price monetary model and proportionality between the exchange rate and relative money are rejected. Routledge Taylor & Francis 2007 Article REM application/pdf en http://irep.iium.edu.my/8024/1/The_monetary_model_of_exchange_Determination__Philippines_Lee_Chin.pdf Chin, Lee and Azali, Mohamed and Yusop, Zulkornain and Yusoff, Mohammed (2007) The monetary model of exchange rate: evidence from The Philippines. Applied Economics Letters, 14. pp. 993-997. ISSN 1350–4851 (P) 1466–4291 (O) http://www.tandf.co.uk/journals 10.1080/13504850600706032 |
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HG3810 Foreign exchange Chin, Lee Azali, Mohamed Yusop, Zulkornain Yusoff, Mohammed The monetary model of exchange rate: evidence from The Philippines |
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This note examines the empirical validity of the monetary model of exchange rate determination for The Philippines via cointegration and vector error-correction model. It is found that the monetary model is a valid framework for the long-run exchange rate between Philippines peso-US Dollar exchange rate. However, the typical linear restrictions of
flexible-price monetary model and proportionality between the exchange rate and relative money are rejected. |
| format |
Article |
| author |
Chin, Lee Azali, Mohamed Yusop, Zulkornain Yusoff, Mohammed |
| author_facet |
Chin, Lee Azali, Mohamed Yusop, Zulkornain Yusoff, Mohammed |
| author_sort |
Chin, Lee |
| title |
The monetary model of exchange rate: evidence from The Philippines |
| title_short |
The monetary model of exchange rate: evidence from The Philippines |
| title_full |
The monetary model of exchange rate: evidence from The Philippines |
| title_fullStr |
The monetary model of exchange rate: evidence from The Philippines |
| title_full_unstemmed |
The monetary model of exchange rate: evidence from The Philippines |
| title_sort |
monetary model of exchange rate: evidence from the philippines |
| publisher |
Routledge Taylor & Francis |
| publishDate |
2007 |
| url |
http://irep.iium.edu.my/8024/1/The_monetary_model_of_exchange_Determination__Philippines_Lee_Chin.pdf http://irep.iium.edu.my/8024/ http://www.tandf.co.uk/journals |
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