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dc.contributor.authorCerveró, Susana G.en_US
dc.date.accessioned2010-07-27en_US
dc.date.accessioned2010-09-24T14:30:11Z-
dc.date.available2010-09-24T14:30:11Z-
dc.date.issued1999en_US
dc.identifier.urihttp://hdl.handle.net/10419/40294-
dc.description.abstractWe present a model of bilateral real exchange rate determination based on different theories that can be combined into a common statistical framework. Although eclectic, the approach is successfully used to shape a final specification which performs surprisingly well when out of sample exercises are carried out. Among the desirable features of the model there is the achievement of a high level of cross-currency consistency and the full interpretation of the coefficients from an economic point of view. Joint estimation by SURE, through the extraction of relevant interrelations among currencies, turns out to be an optimal tool to compute their historical fair values.en_US
dc.language.isoengen_US
dc.publisherDeutsche Bank Research Frankfurt a. M.en_US
dc.relation.ispartofseriesResearch notes in economics & statistics 99-6en_US
dc.subject.jelC3en_US
dc.subject.jelF3en_US
dc.subject.ddc330en_US
dc.subject.keywordReal Exchange Ratesen_US
dc.subject.keywordSUREen_US
dc.subject.keywordFair Valueen_US
dc.subject.stwKaufkraftparitäten_US
dc.subject.stwWechselkurstheorieen_US
dc.subject.stwSchätzungen_US
dc.subject.stwTheorieen_US
dc.subject.stwWelten_US
dc.subject.stwÖkonometrisches Modellen_US
dc.titleAn eclectic approach to real exchange rate: Determinationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn304792438en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:dbrrns:996-
Appears in Collections:Research Notes, Deutsche Bank Research

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