The Monetary Model of Exchange Rates and Cointegration: Estimation, Testing and

Description: The Monetary Model of Exchange Rates and Cointegration by Marta Regulez, Javier Gardeazabal Estimated delivery 3-12 business days Format Paperback Condition Brand New Description The authors draw from the theory of cointegration in order to test the monetary model of exchange rate determination. They focus on the issue of optimal prediction in partially non-stationary multivariate time series models. In particular, they carry out an exchange rate prediction exercise. Publisher Description These notes draw from the Theory of Cointegration in orderto test the monetary model of exchange rate determination. Previous evidence shows that the monetary model does notcapture the short run dynamics of the exchange rate, specially when assessed in terms of forecasting accuracy. Even though the monetary equations of exchange ratedetermination may be bad indicators of how exchange ratesare determined in the short run, they couldstill describelong run equilibrium relationships between the exchange rateand its fundamentals. Stationary deviations from those longrun relationships are allowed in the short run. This bookalso addresses severalissues on Cointegration. Chapter 6studies the small sample distribution of the likelihoodratio test statistics (on the dimension and restrictions onthe cointegrating space) under deviations from normality. This monograph also focuses on the issue of optimalprediction in partially nonstationary multivariate timeseries models. In particular, it caries out an exchange rateprediction exercise. Details ISBN 3540556354 ISBN-13 9783540556350 Title The Monetary Model of Exchange Rates and Cointegration Author Marta Regulez, Javier Gardeazabal Format Paperback Year 1992 Pages 194 Publisher Springer-Verlag Berlin and Heidelberg GmbH & Co. KG GE_Item_ID:137854011; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. Returns must be postmarked within 4 business days of authorisation and must be in resellable condition. Returns are shipped at the customer's risk. We cannot take responsibility for items which are lost or damaged in transit. For purchases where a shipping charge was paid, there will be no refund of the original shipping charge. Additional Questions If you have any questions please feel free to Contact Us. Categories Baby Books Electronics Fashion Games Health & Beauty Home, Garden & Pets Movies Music Sports & Outdoors Toys

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