Exchange Rates and Real Long-Term Interest-Rate Differentials: Evidence for Eighteen OECD Countries
The bivariate relationship between real exchange rates and the real long-term interest rate differential has been investigated in a number of recent studies. By exchange-rate-equation standards, this specification does a relatively good job of tracking the historical movements in the dollar-Deutsche...
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| Other Authors: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
1986
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| Series: | OECD Economics Department Working Papers
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| Subjects: | |
| Online Access: | Volltext |
| Summary: | The bivariate relationship between real exchange rates and the real long-term interest rate differential has been investigated in a number of recent studies. By exchange-rate-equation standards, this specification does a relatively good job of tracking the historical movements in the dollar-Deutschemark and the dollar-yen bilateral exchange rates, and the dollar effective exchange rate; but does a poor job for the dollar-sterling rate. This paper extends the analysis to 18 OECD countries, in bilateral as well as effective terms. Results from earlier studies are confirmed, but in general the estimation results are sufficiently mixed to suggest that the absence of any risk premia variables may be an important omission ... |
| Physical Description: | 1 Online-Ressource (22 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/407414641637 |
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| spelling | Coe, David T... Verfasser aut Exchange Rates and Real Long-Term Interest-Rate Differentials Evidence for Eighteen OECD Countries David T. Coe and Stephen S. Golub Paris OECD Publishing 1986 1 Online-Ressource (22 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers The bivariate relationship between real exchange rates and the real long-term interest rate differential has been investigated in a number of recent studies. By exchange-rate-equation standards, this specification does a relatively good job of tracking the historical movements in the dollar-Deutschemark and the dollar-yen bilateral exchange rates, and the dollar effective exchange rate; but does a poor job for the dollar-sterling rate. This paper extends the analysis to 18 OECD countries, in bilateral as well as effective terms. Results from earlier studies are confirmed, but in general the estimation results are sufficiently mixed to suggest that the absence of any risk premia variables may be an important omission ... Economics Golub, Stephen S... ctb https://doi.org/10.1787/407414641637 Verlag kostenfrei Volltext |
| spellingShingle | Coe, David T.. Exchange Rates and Real Long-Term Interest-Rate Differentials Evidence for Eighteen OECD Countries Economics |
| title | Exchange Rates and Real Long-Term Interest-Rate Differentials Evidence for Eighteen OECD Countries |
| title_auth | Exchange Rates and Real Long-Term Interest-Rate Differentials Evidence for Eighteen OECD Countries |
| title_exact_search | Exchange Rates and Real Long-Term Interest-Rate Differentials Evidence for Eighteen OECD Countries |
| title_exact_search_txtP | Exchange Rates and Real Long-Term Interest-Rate Differentials Evidence for Eighteen OECD Countries |
| title_full | Exchange Rates and Real Long-Term Interest-Rate Differentials Evidence for Eighteen OECD Countries David T. Coe and Stephen S. Golub |
| title_fullStr | Exchange Rates and Real Long-Term Interest-Rate Differentials Evidence for Eighteen OECD Countries David T. Coe and Stephen S. Golub |
| title_full_unstemmed | Exchange Rates and Real Long-Term Interest-Rate Differentials Evidence for Eighteen OECD Countries David T. Coe and Stephen S. Golub |
| title_short | Exchange Rates and Real Long-Term Interest-Rate Differentials |
| title_sort | exchange rates and real long term interest rate differentials evidence for eighteen oecd countries |
| title_sub | Evidence for Eighteen OECD Countries |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/407414641637 |
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