Exchange Rate Modelling in Ghana: Do the Purchasing Power Parity and Uncovered Interest Parity conditions hold jointly?
نویسندگان
چکیده
منابع مشابه
Purchasing Power Parity and the Real Rand-dollar Exchange Rate
his paper tests for evidence in support of the purchasing power parity (PPP) in the bilateral real exchange rate series of the South African rand against the US dollar. The importance of considering structural breaks in the PPP test is illustrated. Using standard unit root tests without considering structural breaks, the study is unable to reject the null hypothesis of a unit root in the exchan...
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متن کاملDoes the Purchasing Power Parity hold within the US ? ∗
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This paper examines uncovered interest rate parity (UIRP) and the expectations hypotheses of the term structure (EHTS) at both short and long horizons. The statistical evidence against UIRP is mixed and is currencynot horizon-dependent. Economically, the deviations from UIRP are less pronounced than previously documented. The evidence against the EHTS is statistically more uniform, but, economi...
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ژورنال
عنوان ژورنال: International Journal of Economics and Finance
سال: 2010
ISSN: 1916-9728,1916-971X
DOI: 10.5539/ijef.v2n1p3