The long-run determination of the real exchange rate. Evidence from an intertemporal modelling framework using the dollar-pound exchange rate.
dc.contributor.author | Litsios, Ioannis | |
dc.contributor.author | Pilbeam, K | |
dc.date.accessioned | 2019-01-30T18:43:56Z | |
dc.date.available | 2019-01-30T18:43:56Z | |
dc.date.issued | 2017-11 | |
dc.identifier.issn | 0923-7992 | |
dc.identifier.issn | 1573-708X | |
dc.identifier.uri | http://hdl.handle.net/10026.1/13255 | |
dc.description.abstract |
This paper develops a model of optimal choice over an array of different assets, including domestic and foreign bonds, domestic and foreign equities and domestic and foreign real money balances to examine the determination of the real exchange rate in the long-run. The model is tested empirically using data from the UK and the USA. The results show that all the coefficients of the model are right signed and significant and consequently financial assets may play a significant role in the determination of the real exchange rate. | |
dc.format.extent | 1011-1028 | |
dc.language | en | |
dc.language.iso | en | |
dc.publisher | Springer (part of Springer Nature) | |
dc.subject | Real exchange rate | |
dc.subject | Intertemporal model | |
dc.subject | Asset prices | |
dc.subject | Vector Error Correction Model | |
dc.title | The long-run determination of the real exchange rate. Evidence from an intertemporal modelling framework using the dollar-pound exchange rate. | |
dc.type | journal-article | |
dc.type | Journal Article | |
plymouth.author-url | https://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000417613700010&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=11bb513d99f797142bcfeffcc58ea008 | |
plymouth.issue | 5 | |
plymouth.volume | 28 | |
plymouth.publication-status | Published | |
plymouth.journal | Open Economies Review | |
dc.identifier.doi | 10.1007/s11079-017-9467-7 | |
plymouth.organisational-group | /Plymouth | |
plymouth.organisational-group | /Plymouth/Faculty of Arts, Humanities and Business | |
plymouth.organisational-group | /Plymouth/REF 2021 Researchers by UoA | |
plymouth.organisational-group | /Plymouth/REF 2021 Researchers by UoA/UoA17 Business and Management Studies | |
dcterms.dateAccepted | 2017-09-14 | |
dc.identifier.eissn | 1573-708X | |
dc.rights.embargoperiod | Not known | |
rioxxterms.versionofrecord | 10.1007/s11079-017-9467-7 | |
rioxxterms.licenseref.uri | http://www.rioxx.net/licenses/all-rights-reserved | |
rioxxterms.licenseref.startdate | 2017-11 | |
rioxxterms.type | Journal Article/Review |