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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Main Authors: | , , , |
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Format: | Article |
Language: | English |
Published: |
Routledge Taylor & Francis
2007
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Subjects: | |
Online Access: | 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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Institution: | Universiti Islam Antarabangsa Malaysia |
Language: | English |