The Monetary Model of Exchange Rate: Evidence from The Philippines

Chin, Lee and Azali, M and Yusop, Zulkornain and Yusoff, Mohammed (2007): The Monetary Model of Exchange Rate: Evidence from The Philippines. Published in: Applied Economics Letters , Vol. 14, No. 13 (2007): pp. 993-997.

Abstract

This paper uses alternative versions of the monetary approach to exchange rate determination to explain the Malaysian-ringgit-USD exchange rate during the recent past. The result shows that in general the estimated coefficients of money and income differentials are consistent with all variants of monetary model. In particular, the evidence strongly supports the Bilson’s version of the monetary approach.

• Item Type: MPRA Paper
• Language: English
• Keywords: monetary approach to exchange rate, Philippines
• Subjects: F - International Economics > F3 - International Finance > F31 - Foreign Exchange

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