Cointegration Tests of the Monetary Exchange Rate Model for Three High-Inflation Economies

Robert McNown and Myles S Wallace

Journal of Money, Credit and Banking, 1994, vol. 26, issue 3, 396-411

Abstract: Tests of cointegration are applied to the monetary model of the exchange rate to determine if the model represents a long-run equilibrium relation for three high-inflation countries. The countries tested are Argentina, Chile, and Israel, each paired with the United States as the base country. Evidence favorable to cointegration among the variables of the monetary model is found using Johansen's maximum likelihood procedure. Copyright 1994 by Ohio State University Press.

Date: 1994
References: Add references at CitEc
Citations: View citations in EconPapers (37)

Downloads: (external link)
http://links.jstor.org/sici?sici=0022-2879%2819940 ... 0.CO%3B2-N&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mcb:jmoncb:v:26:y:1994:i:3:p:396-411

Access Statistics for this article

Journal of Money, Credit and Banking is currently edited by Robert deYoung, Paul Evans, Pok-Sang Lam and Kenneth D. West

More articles in Journal of Money, Credit and Banking from Blackwell Publishing
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing () and Christopher F. Baum ().