The monetary approach to exchange rate determination: The case of Argentina, Brazil, Taiwan and Turkey

• Idil Uz ^[1] ; Mehrin Dalam ^[2]
  1. [1] Yeditepe University

     Yeditepe University

     Turquía

     
  2. [2] Foreign Department in Turkiye Is Bankasi
• Localización: Applied econometrics and international development, ISSN 1578-4487, Vol. 9, Nº. 2, 2009, págs. 54-62
• Idioma: inglés
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• Resumen

  • This study evaluates the short-run and long-run performance of the monetary model approach of exchange rate determination for emerging economies like Argentina, Brazil, Taiwan and Turkey. The study is based on whether there is a cointegration relationship between the nominal exchange rate and monetary variables such as money supply, output, nominal interest rate and price differentials. Various estimation techniques are used for testing long-run relationships both for single-country analysis and panel analysis.