Macro Determinants of Real Exchange Rates: Albanian Case

Autor:	Ela Golemi, Ermira Kalaj
Rok vydání:	2019
Předmět:	Exchange rate Cointegration Monetary policy Economics Monetary economics Portfolio investment Macro Vector autoregression
Zdroj:	The 21st Century from the Positions of Modern Science: Intellectual, Digital and Innovative Aspects ISBN: 9783030320140
DOI:	10.1007/978-3-030-32015-7_68
Popis:	This paper presents an effort to empirically analyze the factors affecting the real exchange rate in Albania, using data for the period 1995–2015. Real exchange rate behavior is at the centre of policy debates because exchange rates play a fundamental role in global trading and portfolio investments. This study applies the VAR model. Johansen Cointegration technique is applied to find long run relationship among the variables.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::2c6e5076d44c9a4ae54f4d189a11c846 https://doi.org/10.1007/978-3-030-32015-7_68 Zobrazit plný text záznamu