000			01474nam a22002657a 4500
005			20250412090955.0
008			250412b ph ||||| |||| 00| 0 eng d
022			_a0116-7111
040			_cOCT
100			_aLaurel, Rocky
240			_aDe La Salle University / _hJuly 2024
245			_aExchange rates and fundamentals in Developed and merging markets / _cRocky Laurel
300			_aVol 34 (1) pages 1-19 : _billustrations ; _c28 cm
500			_aThis paper investigates the relationship between exchange rates on the one hand and money supply and real output on the other, then compares the relationship in developed and emerging markets. It tests the validity of the flexible price monetary model using in-sample analysis to determine if there are long-term relationships among the variables and out-of-sample analysis to compare the predictive performance of the model against a random walk. It finds evidence for a relationship as predicted by the model, contrary to long-standing findings of no relationship. It also finds some evidence that foreign exchange rates of emerging markets are more predictable compared to those of developed markets.
650			_a currencies
650			_aemerging markets
650			_aexchange rate predictability
650			_a flexible price
650			_aforeign exchange
650			_ainternational finance
650			_amonetary model
650			_aout-of-sample
650			_arandom walk
942			_2ddc _cCR _n0
999			_c10332 _d10332