Arbeitspapier
Fundamentals and technical trading: behaviour of exchange rates in the CEECs
We present a model of exchange rates, which incorporates the monetary approach and technical trading, and we present the reduced form based on the minimal state variable solution, where both fundamentals and backward-looking term determine the spot exchange rates.Finally, we estimate the impact of the monetary fundamentals for a panel of Central and Eastern European countries (Czech Republic, Poland, Romania and Slovakia) in the second half of the 1990s as well as the complete model of exchange rate determination for daily data over the more recent free-floating period.
- Sprache
-
Englisch
- ISBN
-
952-462-278-5
- Erschienen in
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Series: Bank of Finland Research Discussion Papers ; No. 10/2006
- Klassifikation
-
Wirtschaft
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Foreign Exchange
Financial Aspects of Economic Integration
- Thema
-
foreign exchange market
fundamental analysis
panel cointegration
technical analysis
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bask, Mikael
Fidrmuc, Jarko
- Ereignis
-
Veröffentlichung
- (wer)
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Bank of Finland
- (wo)
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Helsinki
- (wann)
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2006
- Handle
- Letzte Aktualisierung
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20.09.2024, 08:23 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Bask, Mikael
- Fidrmuc, Jarko
- Bank of Finland
Entstanden
- 2006