This paper investigates the effects of shocks to U.S. monetary policy on the dollar/yen exchange rate, using structural Vector Error Correction Model (VECM) methods. We compare our estimates of the impulse responses with those based on levels Vector Autoregression. We also compare results from short run and long run restrictions imposed on the structural VECM. We find evidence of overshooting b...

This study aims to analyze the effects of money supply on exchange rate in Indonesia and investigate whether there is an application Dornbusch Overshooting Model. The Autoregressive Distributed-Lag (ARDL) method used short-term long-term uses time-series data from 2000:Q1 2021:Q4. results this show that coefficient has a smaller effect depreciating than coefficient. Based estimation results, it...

abstract main objective of this paper is to investigate the impact of exchange rate misalignment on wheat’s producer estimates (pse), using the 1989-2007 period’s data. for this purpose, vector error correction model (vecm) along with the use of real exchange rate based on purchasing power party (ppp) was applied to estimate nominal equilibrium exchange rates. then, by using market price suppor...

The adoption of the International Monetary Fund (IMF) Structural Adjustment Programme (SAP) in 1986 resulted in the transition from fixed exchange rate regime to floating exchange rate regime in Nigeria. Ever since, the exchange rate of naira vis-à-vis the U.S dollar has attained varying rates all through different time horizons. On this basis, this study examines the consistency, persistency, ...

The objective of this paper is to show that the proposal by Froot and Thaler (1990) delayed portfolio adjustment can account for a broad set puzzles about relationship between interest rates exchange rates. include: i) overshooting puzzle; ii) forward discount puzzle (or Fama puzzle); iii) predictability reversal iv) Engel (high rate currencies are stronger than implied UIP); v) guidance vi) ab...

in this paper, we will review the foreign exchange market and will try to extract an exchange market pressure and an intervention index for iran by following the weymark (1995) approach to evaluate the central bank of iran’s exchange rate policy during 1368:q1 to 1391:q3. the estimation method employed, is the econometric technique known in the literature as the two-stage least squares (2sls).t...

Anewmethod that combines radar reflectivities from individualNextGenerationWeatherRadars (NEXRAD) into a three-dimensional composite with high horizontal and vertical resolution is used to estimate storm-top altitudes for the continental United States east of the RockyMountains. Echo-top altitudes are compared with the altitude of the lapse-rate tropopause calculated from the ERA-Interim reanal...

convertibility is an important factor in international trade where instruments valued in different currencies will be exchanged. convertibility can be either total manner or a partial manner. however, whatever the type of convertibility, there will be advantages and disadvantages to  the economy of a country of which has  made a convertibility of its national currency. convertibility was studie...