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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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
1986
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| Schriftenreihe: | OECD Economics Department Working Papers
no.28 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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 ... |
| Beschreibung: | 1 Online-Ressource (22 p.) 21 x 29.7cm. |
| DOI: | 10.1787/407414641637 |
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| spelling | Coe, David T... VerfasserIn 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 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.28 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... MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/407414641637 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_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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