haku: @indexterm Monetary economics / yhteensä: 201
viite: 18 / 201
| Tekijä: | Diamandis, P. F. Georgoutsos, D. A. Kouretas, G. P. |
| Otsikko: | The monetary model in the presence of I(2) components: long-run relationships, short-run dynamics and forecasting of the Greek drachma |
| Lehti: | Journal of International Money and Finance
2000 : DEC, VOL. 19:6, p. 917-941 |
| Asiasana: | Monetary economics Exchange rates Econometric models Forecasting Economic stability Greece |
| Kieli: | eng |
| Tiivistelmä: | This paper re-examines the long-run properties of the monetary exchange rate model using data for the drachma-dollar and drachma-mark exchange rates. The main findings suggest that the authors reject the forward-looking version of the monetary model for the drachma/dollar case but not when the darchma/mark rate is used, a result that is attributed to the monetary and exchange rate policy followed by the Greek authorities since Greece's joining of the European Union. |
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