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