The Monetary Approach to Exchange Rate in the Selected Persian Gulf Countries in Comparison with the OECD Countries
Author(s):
Abstract:
In this paper، the monetary approach to exchange rate was analyzed through panel cointegration method for the selected Persian Gulf countries in comparison with Organization for Economic Co-operation and Development (OECD) countries for the period of 1989-2005. For this purpose، we apply monetary flexible price model. The results suggested that the establishment of monetary approach to exchange rate in both group of countries and supported the existence of a cointegration relationship among the variables. Moreover، according to different economic structure of both groups of countries، the severity efficacy of variable to exchange rate is different. The results also showed that GDP with negative effect has greatest influence on the change of exchange rate. This implies that adaptation of proper policy to increase GDP not only cause to decline exchange rate، but also has positive effects on GDP. Other variables which determine the trend of exchange rate are money supply and expected inflation rate.
Keywords:
Language:
Persian
Published:
Quarterly Journal of Quantitative Economics, Volume:9 Issue: 2, 2012
Pages:
87 to 108
magiran.com/p1175252
دانلود و مطالعه متن این مقاله با یکی از روشهای زیر امکان پذیر است:
اشتراک شخصی
با عضویت و پرداخت آنلاین حق اشتراک یکساله به مبلغ 1,390,000ريال میتوانید 70 عنوان مطلب دانلود کنید!
اشتراک سازمانی
به کتابخانه دانشگاه یا محل کار خود پیشنهاد کنید تا اشتراک سازمانی این پایگاه را برای دسترسی نامحدود همه کاربران به متن مطالب تهیه نمایند!
توجه!
- حق عضویت دریافتی صرف حمایت از نشریات عضو و نگهداری، تکمیل و توسعه مگیران میشود.
- پرداخت حق اشتراک و دانلود مقالات اجازه بازنشر آن در سایر رسانههای چاپی و دیجیتال را به کاربر نمیدهد.
In order to view content subscription is required
Personal subscription
Subscribe magiran.com for 70 € euros via PayPal and download 70 articles during a year.
Organization subscription
Please contact us to subscribe your university or library for unlimited access!