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Viewing report
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Monetary Models of Exchange Rate. Edition No. 1
VDM Publishing House, Sep 2008, Pages: 188
This book demonstrates that nonlinearity matters in
the study of exchange rate. It includes discussion on
the theoretical and empirical aspects of nonlinearity
in exchange rate. It puts forward that linear
monetary exchange rate model can be extended into the
nonlinear framework, which is more relevant to the
contemporary development in exchange rate study.
Various monetary models are discussed and the
validity of these models in the context of ASEAN-5
countries is examined. Notably, this book offers
detailed discussions on the practical aspects of the
relevant nonlinear econometrics procedures for the
testing of integration order, cointegration and
exogeneity, and for modeling and forecasting. These
procedures are also useful for studies other than
exchange rate. Besides, this book provides overview
on the historical exchange rates developments in
general and the experience of ASEAN-5 countries in
specific.
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