The Monetary Model of Exchange Rate: Evidence from The Philippines

Chin Lee (), M Azali, Zulkornain Yusop and Mohammed Yusoff

MPRA Paper from University Library of Munich, Germany

Abstract: This paper uses alternative versions of the monetary approach to exchange rate determination to explain the Malaysian-ringgit-USD exchange rate during the recent past. The result shows that in general the estimated coefficients of money and income differentials are consistent with all variants of monetary model. In particular, the evidence strongly supports the Bilson’s version of the monetary approach.

Keywords: monetary approach to exchange rate; Philippines (search for similar items in EconPapers)
JEL-codes: F31 (search for similar items in EconPapers)
Date: 2007
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Published in Applied Economics Letters 13.14(2007): pp. 993-997

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Journal Article: The monetary model of exchange rate: evidence from The Philippines (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:122680

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