Show simple item record

dc.contributor.authorPilbeam, K.
dc.contributor.authorLitsios, Ioannis
dc.date.accessioned2016-11-23T16:19:27Z
dc.date.available2016-11-23T16:19:27Z
dc.date.issued2015
dc.identifier.citationPilbeam K and Litsios I (2015) The long-run determination of the real exchange rate. Evidence from an intertemporal modelling framework using the dollar-pound exchange rate. Report No. 15/19. London, UK: Department of Economics, City University London.en_US
dc.identifier.urihttp://hdl.handle.net/10454/10492
dc.descriptionYesen_US
dc.description.abstractThis paper develops a model of optimal choice over an array of different assets, including domestic and foreign bonds, domestic and foreign equities and domestic and foreign real money balances in order to examine the determination of the real exchange rate in the long-run. The model is tested empirically using data from the UK and the USA. The results show that all the coefficients of the model are right signed and significant and consequently financial assets may play a significant role in the determination of the real exchange rate.en_US
dc.language.isoenen_US
dc.relation.isreferencedbyhttp://openaccess.city.ac.uk/id/eprint/14075en_US
dc.rights© 2015 The Authors. Full-text reproduced with author permission.en_US
dc.subjectExchange rates; Dollar-Pound exchange rate; Intertemporal model; Asset prices; Vector Error Correction Modelen_US
dc.titleThe long-run determination of the real exchange rate. Evidence from an intertemporal modelling framework using the dollar-pound exchange rateen_US
dc.status.refereedYesen_US
dc.typeReporten_US
dc.type.versionPublished versionen_US
refterms.dateFOA2018-07-26T09:13:44Z


Item file(s)

Thumbnail
Name:
Litsios- Economics-DP-15-19.pdf
Size:
896.4Kb
Format:
PDF

This item appears in the following Collection(s)

Show simple item record