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The Monetary Model of Exchange Rate: Evidence from The Philippines

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  • Chin, Lee
  • Azali, M
  • Yusop, Zulkornain
  • Yusoff, Mohammed

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.

Suggested Citation

  • Chin, Lee & Azali, M & Yusop, Zulkornain & Yusoff, Mohammed, 2007. "The Monetary Model of Exchange Rate: Evidence from The Philippines," MPRA Paper 122680, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:122680
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    References listed on IDEAS

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    More about this item

    Keywords

    monetary approach to exchange rate; Philippines;

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange

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