Assessing exchange rate hypotheses within Southern Africa
Author(s)
Bibliographic Information
Assessing exchange rate hypotheses within Southern Africa
Ashgate, c2004
Available at 4 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
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  Saitama
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  Tokyo
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  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
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  Aichi
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  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
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Library, Institute of Developing Economies, Japan External Trade Organization図
FS||332.44||A114870521
Note
Includes bibliographical references (p. [203]-209) and index
Description and Table of Contents
Description
Assessing Exchange Rate Hypotheses within Southern Africa focuses on fourteen Southern African Development Community countries (SADC). It features a set of tests of the purchasing power parity (PPP) theorem and the uncovered interest rate parity (UIP) theorem amongst these countries using the very latest time - series econometrics techniques. The analysis employs the Full Information Maximum Likelihood Multivariate Co - integration methodology developed by Johansen (1988, 1991) and Johansen and Juselius (1990, 1991). Of novel interest is the application of a long run structural modeling approach first suggested by Pesaran and Shin (1997). The technique imposes independent theory restrictions on the coefficients of the accepted co - integrating vectors based on long - run economic theory, in order to reach conclusions apropos the validity of the propositions under study. It demonstrates an application of the most recent modeling tools in time - series econometrics.
Table of Contents
- Contents: Introduction and Background: An introduction to the study of exchange rate hypotheses in Southern Africa
- An economic review of countries in the Southern African Development Community (SADC). Literature Review, Theoretical Underpinnings, Data and Econometric Methods: Purchasing power parity (PPP) and uncovered interest rate parity (UIP)
- Data and time-series econometric methods. The Results and Conclusions: The analysis and results
- Conclusions
- Bibliography
- Appendices
- Index.
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