A Re-Examination of the Monetary Model of Exchange Market Pressure: Canada, 1963-1988

1990 ◽  
Vol 72 (4) ◽  
pp. 677 ◽  
Author(s):  
Richard C. K. Burdekin ◽  
Paul Burkett
Keyword(s):  
Exchange Market ◽  
Monetary Model ◽  
Exchange Market Pressure ◽  
Market Pressure

scholarly journals Presión sobre el mercado cambiario en la República Dominicana : una estimación empírica

2002 ◽  
Vol 27 (2) ◽  
pp. 303-12
Author(s):  
José R. Sánchez Fung
Keyword(s):  
American Economic Review ◽  
Exchange Market ◽  
Monetary Model ◽  
Exchange Market Pressure ◽  
Canadian Experience ◽  
Market Pressure

Este trabajo aplica el modelo monetario de Girton y Roper [1977, A monetary model of exchange market pressure applied to the postwar Canadian experience, American Economic Review, Vol. 67, p. 537-48] para analizar la presión sobre el mercado cambiario oficial en la República Dominicana. El modelo describe adecuadamente el comportamiento de ese mercado, explicando la presión cambiaria en el mismo, de una manera razonable.

scholarly journals Measuring exchange market pressure in South Africa: an application of the Girton-Roper monetary model

2013 ◽  
Vol 10 (1) ◽  
pp. 89-98 ◽  
Author(s):  
Emmanuel Ziramba
Keyword(s):  
Exchange Rate ◽  
Real Income ◽  
Flexible Exchange Rate ◽  
Exchange Market ◽  
Monetary Model ◽  
Exchange Market Pressure ◽  
African Experience ◽  
Monetary Approach ◽  
The Impact ◽  
Market Pressure

The monetary approach to the balance of payments is based on the assumption of a fixed exchange rate, while its approach to exchange rate determination is based on perfectly flexible exchange rate. Another monetary model called the Exchange Market Pressure model (EMP) was designed to capture the properties of the managed float. This paper applies the monetary model of the EMP to the South African experience with floating exchange rate and managed float systems over the period 1970-1993. We show that the EMP model is superior to the traditional monetary approach. We do not find evidence of the impact of domestic real income on EMP. Diagnostic tests suggest that the model is well specified and the residuals pass the typical checking.

Sign in / Sign up

Export Citation Format

Share Document