인문학
사회과학
자연과학
공학
의약학
농수해양학
예술체육학
복합학
지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
초록· 키워드
This paper empirically investigates the long?run relationship between effective exchange rates and foreign exchange reserves in Mongolia over the period of June 1997 to June 2007. In particular, to allow for a structural break, we conduct the stationarity analysis of Zivot and Andrews(1992) and the cointegration analysis of Gregory and Hansen(1996). The results demonstrate clear evidence supporting the presence of a long-run relationship between exchange rates and foreign exchange reserves, even though conventional tests do not detect such a long-run relationship. This study also argues that the estimated timing of the structural break is consistent with significant economic shocks in Mongolia.
#exchange rates
#exchange rates
#foreign exchange reserves
#foreign exchange reserves
#stationarity
#stationarity
#cointegration
#cointegration
#structural change
#structural change
#Mongolian economy
#Mongolian economy
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