Assessing exchange rate hypotheses within Southern Africa

Author(s)

    • Allen, D. E. (David E.)
    • Gandiya, F.

Bibliographic Information

Assessing exchange rate hypotheses within Southern Africa

D.E. Allen and F. Gandiya

Ashgate, c2004

Available at  / 4 libraries

Search this Book/Journal

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.

by "Nielsen BookData"

Details

Page Top