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Keyword: Exchange Rate
Analysis of Long-term Equilibrium Relationship Between KRW, RMB, JPY Exchange Rates and International Financial Market Variables: Comparative Analysis of KRW, RMB, JPY
This study used 15 VECM analysis models to analyze the relationship among exchange rates of South Korea, China and Japan; and between exchange rates of each country and international financial market variables. The analysis variables are the Won, Yuan, Yen spot exchange rates and international financial market variables. The results of the analysis are as…
Read More Short-Term Dynamic Exchange Rate Model: IFEER Concept Development
The new model of the short-term exchange rate dynamics was constructed. First of all, the most interesting were the reasons of the deviation from the medium-term equilibrium. The author’s IFEER-concept (International Flows Equilibrium Exchange Rate) was used as a base and it was developed. In this study, due to the short-term modeling period the differential…
Read More Exchange Rate Modeling: Medium-Term Equilibrium Dynamics
In this study, we develop the author’s approach, based on the principles of modeling of the International Flows Equilibrium Exchange Rate (IFEER). As a result, a new model is built, depending on the main macroeconomic factors in the medium term. The model presents a wide system of basic factors, but many of the intermediate factors…
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