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:	Chin, Lee, Azali, Mohamed, Yusop, Zulkornain, Yusoff, Mohammed
Format:	Article
Language:	English
Published:	Routledge Taylor & Francis 2007
Subjects:	HG3810 Foreign exchange
Online Access:	http://irep.iium.edu.my/8024/ http://irep.iium.edu.my/8024/ http://irep.iium.edu.my/8024/ http://irep.iium.edu.my/8024/1/The_monetary_model_of_exchange_Determination__Philippines_Lee_Chin.pdf

id	iium-8024
recordtype	eprints
spelling	iium-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 PeerReviewed 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
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG3810 Foreign exchange
spellingShingle	HG3810 Foreign exchange Chin, Lee Azali, Mohamed Yusop, Zulkornain Yusoff, Mohammed The monetary model of exchange rate: evidence from The Philippines
description	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/ http://irep.iium.edu.my/8024/ http://irep.iium.edu.my/8024/ http://irep.iium.edu.my/8024/1/The_monetary_model_of_exchange_Determination__Philippines_Lee_Chin.pdf
first_indexed	2023-09-18T20:17:37Z
last_indexed	2023-09-18T20:17:37Z
_version_	1777407893321023488

The monetary model of exchange rate: evidence from The Philippines

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