Linear and nonlinear monetary approaches to the exchange rate of the Philippines peso-Japanese yen
This study provides evidence of nonlinear long-run relationship between peso-yen exchange rate and its monetary determinants implied by the reduced-form flexible-price monetary model for the Philippines, using Breitung's (2001) nonlinear cointegration testing procedures. The existence of such r...
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Economics Bulletin
2009
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| Online Access: | http://ir.unimas.my/id/eprint/18495/1/SSRN-id1421784%20%28abstrak%29.pdf http://ir.unimas.my/id/eprint/18495/ http://www.springer.com/economics/policy/journal/10160 |
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my.unimas.ir.184952017-11-09T05:02:47Z http://ir.unimas.my/id/eprint/18495/ Linear and nonlinear monetary approaches to the exchange rate of the Philippines peso-Japanese yen Liew, Venus Khim-Sen HB Economic Theory This study provides evidence of nonlinear long-run relationship between peso-yen exchange rate and its monetary determinants implied by the reduced-form flexible-price monetary model for the Philippines, using Breitung's (2001) nonlinear cointegration testing procedures. The existence of such relationship is probably resulted from the strong and consistent bilateral trade relationship between the Philippines and Japan. Results from various monetary restrictions tests suggest that other forms of the related monetary model are not suitable in the determination of the peso-yen exchange rate. Economics Bulletin 2009 E-Article PeerReviewed text en http://ir.unimas.my/id/eprint/18495/1/SSRN-id1421784%20%28abstrak%29.pdf Liew, Venus Khim-Sen (2009) Linear and nonlinear monetary approaches to the exchange rate of the Philippines peso-Japanese yen. Economics Bulletin, 29 (2). pp. 1320-1329. ISSN 1545-2921 http://www.springer.com/economics/policy/journal/10160 |
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HB Economic Theory Liew, Venus Khim-Sen Linear and nonlinear monetary approaches to the exchange rate of the Philippines peso-Japanese yen |
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This study provides evidence of nonlinear long-run relationship between peso-yen exchange rate and its monetary determinants implied by the reduced-form flexible-price monetary model for the Philippines, using Breitung's (2001) nonlinear cointegration testing procedures. The existence of such relationship is probably resulted from the strong and consistent bilateral trade relationship between the Philippines and Japan. Results from various monetary restrictions tests suggest that other forms of the related monetary model are not suitable in the determination of the peso-yen exchange rate. |
| format |
E-Article |
| author |
Liew, Venus Khim-Sen |
| author_facet |
Liew, Venus Khim-Sen |
| author_sort |
Liew, Venus Khim-Sen |
| title |
Linear and nonlinear monetary approaches to the exchange rate of the Philippines peso-Japanese yen |
| title_short |
Linear and nonlinear monetary approaches to the exchange rate of the Philippines peso-Japanese yen |
| title_full |
Linear and nonlinear monetary approaches to the exchange rate of the Philippines peso-Japanese yen |
| title_fullStr |
Linear and nonlinear monetary approaches to the exchange rate of the Philippines peso-Japanese yen |
| title_full_unstemmed |
Linear and nonlinear monetary approaches to the exchange rate of the Philippines peso-Japanese yen |
| title_sort |
linear and nonlinear monetary approaches to the exchange rate of the philippines peso-japanese yen |
| publisher |
Economics Bulletin |
| publishDate |
2009 |
| url |
http://ir.unimas.my/id/eprint/18495/1/SSRN-id1421784%20%28abstrak%29.pdf http://ir.unimas.my/id/eprint/18495/ http://www.springer.com/economics/policy/journal/10160 |
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1644512870098010112 |