The Monetary Approach to Exchange Rates and the Behavior of the Canadian Dollar over the Long Run

@inproceedings{Francis2000TheMA,
  title={The Monetary Approach to Exchange Rates and the Behavior of the Canadian Dollar over the Long Run},
  author={Bill Francis and Iftekhar Hasan and J. Lothian},
  year={2000}
}
Using Canadian-U.S. dollar data this paper examines the question of whether recent positive findings with regard to purchasing power parity carry over to the monetary approach to exchange rates. The evidence provides strong support for the long-run monetary model of exchange rates. At the same time, it provides indirect evidence in favor of long-run purchasing power parity between the U.S. dollar and the Canadian dollar during the sample period. 

From This Paper

Figures, tables, and topics from this paper.

Citations

Publications citing this paper.

References

Publications referenced by this paper.
Showing 1-10 of 42 references

Granger, "Cointegration and Error Correction: Representation

  • Engle, F. Robert, W. J. Clive
  • Applied Economics Letters
  • 2000

and Dipak Gosh . " An Empirical Note on the Monetary Exchange Rate Model

  • Swarna D. Dutt
  • Applied Economics Letters
  • 2000

Real Exchange Rates Under the Recent Float: Unequivocal Evidence of Mean Reversion,

  • Sarno, Lucio, Mark P. Taylor
  • Economics Letter,
  • 1998

Some New Stylized Facts of Exchange Rate Behavior,

  • Lothian, R James
  • Journal of International Money and Finance,
  • 1998

The Behavior of Real Exchange Rates During the Post-Bretton Woods Period,

  • Taylor, P Mark, Lucio Sarno
  • Journal of International Economics,
  • 1998

and Lucio Sarno , “ The Behavior of Real Exchange Rates During the Post - Bretton Woods Period

  • Taylor, P. Mark
  • Journal of International Economics
  • 1998

R."Multi-Country Evidence on the Behavior of Purchasing Power Parity under the Current Float,

  • Lothian, James
  • Journal of International Money and Finance,
  • 1997

Prevision du taux de change dollar canadien contre dollar americain: uneapproche en termes de ‘fondamentaux’,

  • Taylor, P Mark
  • Economie Prevision,
  • 1996

Reversion within and between Countries: A Panel Project on Purchasing Power Parity;

  • Frankel, A Jeffery, Andrew Rose, Mean
  • Journal of International Economics,
  • 1996

The Recent Float from the Perspective of the Past Two Centuries,

  • Lothian, R James, Mark P. Taylor
  • Journal of Political Economy,
  • 1996

Similar Papers

Loading similar papers…