Revising the structure of the Euro index to improve measurement of movements in the currency markets

Musa Essayyad, Khaled Albinali and Omar Al-Titi

International Journal of Monetary Economics and Finance, 2011, vol. 4, issue 3, 297-308

Abstract: This paper applies the same methodology applied by Essayyad et al. (2009) to the construction of an alternative Euro dollar index. Specifically, it employs multivariate statistical tests to identify weights based on 12 economic and financial factors that are deemed theoretically more relevant in building an alternative Euro Index (EI) that would reflect more accurately the movements in the currencies making up that index.

Keywords: Euro index; dollar index; currency index; multivariate statistical analysis; international finance; international trade; currency markets; currency movements. (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijmefi:v:4:y:2011:i:3:p:297-308

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