Determinants of Exchange Rate of Slovak Crown Against Polish Zloty - Dornbusch Monetary Model

• Autorzy: Eva Rublikova , Magdalena Rutkowska
• Języki publikacji: EN

Abstrakty

EN

In Chapter 12 the determinants of PLN/SKK exchange rate have been examined. It was shown that absolute PPP does not hold in the long run which is a common finding of many empirical research for other transition economies. The results of the estimated monetary models have shown that there is a need for structural approach but a lot of work should be put in proper specification of the model and estimation methodology. (fragment of text)

Słowa kluczowe

EN

Polish Zloty; Exchange rates; Exchange rate theory

PL

Złoty polski; Kurs walutowy; Teoria kursu walutowego

• Czasopismo: FindEcon Monograph Series : advances in financial market analysis
• Rocznik: 2006
• Numer: nr 1 Financial markets : principles of modeling forecasting and decision-making
• Strony: 173--185

Twórcy

autor

Eva Rublikova

• Economic University Bratislava

autor

Magdalena Rutkowska

• University of Lodz, Poland

Bibliografia

• Baillie R. T., McMahon P. C. (1989), The Foreign Exchange Market. Theory and Evidence, Cambridge: Cambridge University Press.
• Diebold F. X. (1988), Empirical Modeling of Exchange Rate Dynamics, eds M. Beckmann, W. Krelle, Berlin: Springer-Verlag.
• Dornbusch R. (1976), "Expectations and Exchange Rate Dynamics", Journal of Political Economy, 84, 1161-1176.
• MacDonald R., Taylor M. P. (1989), Exchange Rates and Open Economy Macroeconomics, Cambridge: Basil Blackwell.
• Enders W. (1995), Applied Econometric Time Series, New York: Wiley & Sons.
• Ivanicova Z. (2003), Discrete Optimization of Exchange Rate Model, Proceeding from 9th International Scientific Conference, Quantitative Methods in Economy - Compatibility of Methodology and Practice with the EU Conditions (on CD), November 13th-14th, Bratislava.
• Rublikova E. (2003), "Purchasing Power Parity and Cointegration", Bratislava: FEI EU, Economic and Informatics, 1, 147-154.
• National Bank of Poland Bulletins 1998-2004, Warszawa: NBP.
• Polish Statistical Bulletins 1998-2004, Warszawa: GUS.