Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/212035
Authors: 
Bask, Mikael
Fidrmuc, Jarko
Year of Publication: 
2006
Series/Report no.: 
Bank of Finland Research Discussion Papers No. 10/2006
Abstract: 
We present a model of exchange rates, which incorporates the monetary approach and technical trading, and we present the reduced form based on the minimal state variable solution, where both fundamentals and backward-looking term determine the spot exchange rates.Finally, we estimate the impact of the monetary fundamentals for a panel of Central and Eastern European countries (Czech Republic, Poland, Romania and Slovakia) in the second half of the 1990s as well as the complete model of exchange rate determination for daily data over the more recent free-floating period.
Subjects: 
foreign exchange market
fundamental analysis
panel cointegration
technical analysis
JEL: 
C23
F31
F36
Persistent Identifier of the first edition: 
ISBN: 
952-462-278-5
Document Type: 
Working Paper

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