Exchange Rates and Monetary Measures

Evžen Koèenda and Juraj Valachy
Authors registered in the RePEc Author Service: Evžen Kočenda

Czech Journal of Economics and Finance (Finance a uver), 2000, vol. 50, issue 9, 503-511

Abstract: The paper analyzes the impact that certain administrative measures of monetary authorities have on exchange rates. Using the Perron test, the authors test for the existence of structural change in the development of exchange rates in Central and Eastern European countries. The dates when specific monetary measures were implemented were exogenously chosen as demonstrative dates of structural change. The results show that, in most cases, the authors were not able to reject the hypothesis of nonexistence of structural change. The authors conclude that instances of structural change occurred simultaneously with the implementation of monetary measures.

Keywords: exchange rate; structural change; monetary policy; transition (search for similar items in EconPapers)
JEL-codes: C12 C22 E52 F31 P52 (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:fau:fauart:v:50:y:2000:i:9:p:503-511

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