The Role of National Debts in the Determination of the Yen-Dollar Exchange Rate

Autor:	Ioannis Litsios, Keith Pilbeam
Jazyk:	angličtina
Rok vydání:	2018
Předmět:	Economics and Econometrics E151 media_common.quotation_subject 05 social sciences Monetary economics General Business Management and Accounting HG HJ Exchange rate Debt 0502 economics and business Intertemporal optimization Liberian dollar Economics 050207 economics DS Dollar exchange rate 050205 econometrics media_common
ISSN:	1465-7295
Popis:	An intertemporal optimization model is developed to examine the determinants of the long-run nominal yen-dollar exchange rate in the presence of national debts. The model is tested empirically using data from Japan and the USA. The proposed theoretical specification is well supported by the data and shows that relative national debts as well as monetary and financial factors may play a significant role in the determination of the long-run nominal exchange rate between the yen and the dollar.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::1932ae4ed980d15a30e26986e528087f https://openaccess.city.ac.uk/id/eprint/20717/1/ResearchEconomicInquiryDeposit.pdf Zobrazit plný text záznamu Plný text