Does the US international debt affect the euro/dollar exchange rate?

Costas Karfakis

Discussion Paper Series from Department of Economics, University of Macedonia

Abstract: The impact of the US international debt on the euro/dollar exchange rate is examined in the context of an Error Correction monetary model with rational expectations. Overall, the relative real income is the most economically significant determinant, whereas the debt is the most statistically significant determinant..

Keywords: Monetary model; US international debt; co-integration analysis; error correction model (search for similar items in EconPapers)
JEL-codes: F31 (search for similar items in EconPapers)
Date: 2008-09, Revised 2008-09
New Economics Papers: this item is included in nep-cba, nep-eec, nep-ifn and nep-mon
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