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dc.contributor.authorAtif, Syed Muhammaden_US
dc.contributor.authorSauytbekova, Moldiren_US
dc.contributor.authorMacdonald, Jamesen_US
dc.date.accessioned2012-10-30T12:52:42Z-
dc.date.available2012-10-30T12:52:42Z-
dc.date.issued2012-
dc.identifier.urihttp://hdl.handle.net/10419/65665-
dc.description.abstractThe paper analyzes Australian exchange rate and its determinants by providing an insight into the economic and non-economic factors. By drawing a comparison between quarterly and annual data over the period of 1975 to 2012, it is suggested that Australia’s trade components and macroeconomic indicators such as output and liquidity relative to the US, play a significant role in determination of its exchange rates. However, interest rate and inflation appear insignificant in this relationship. The study also emphasizes on the pertinence of unobservable effects such as political events and external shocks in influencing the exchange rate. Engle-Granger Cointegration test exhibits a long run relationship between exchange rate and its determinants, and corroborates the substantial role of macroeconomic indicators in diminishing the uncertainty in foreign exchange market.en_US
dc.language.isoengen_US
dc.publisherZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft Kiel und Hamburg-
dc.subject.jelC22en_US
dc.subject.jelF31en_US
dc.subject.ddc330-
dc.subject.keywordExchange Rateen_US
dc.subject.keywordBackward Eliminationen_US
dc.subject.stwExchange rateen_US
dc.titleThe Determinants of Australian Exchange Rate: A Time Series Analysisen_US
dc.typePreprinten_US
dc.identifier.ppn728971135-
dc.identifier.repecRePEc:zbw:esprep:65665-
Appears in Collections:Working and Discussion Papers / Arbeits- und Diskussionspapiere, EconStor Direct

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