SOURCES OF FLUCTUATIONS IN EXCHANGE-RATES - A STRUCTURAL VAR ANALYSIS

Authors
APERGIS N KARFAKIS C
Citation
N. Apergis et C. Karfakis, SOURCES OF FLUCTUATIONS IN EXCHANGE-RATES - A STRUCTURAL VAR ANALYSIS, Applied economics letters, 3(4), 1996, pp. 251-254
Citations number
8
Categorie Soggetti
Economics
Journal title
Applied economics letters → ACNP
ISSN journal
13504851
Volume
3
Issue
4
Year of publication
1996
Pages
251 - 254
Database
ISI
SICI code
1350-4851(1996)3:4<251:SOFIE->2.0.ZU;2-J
Abstract
Structural vector autoregressive (SVAR) techniques are used to identif y the sources of fluctuations in nominal and real exchange rates of th e Greek drachma. The results indicate that, in most cases, supply shoc ks are the dominant sources of exchange rate volatility.