Exchange rate pass-through, exchange rate disconnect and exchange rate regimes
Authors: Stamatopoulos, Theodoros 
Harissis, Harilaos 
Issue Date: 1-May-2010
Journal: Applied Economics Letters 
Volume: 17
Issue: 7
Abstract: 
This article investigates the degree of Exchange Rate Pass-Through (ERPT) into import prices for the Hellenic economy, during its post-Bretton Woods and pre-European Monetary Union (pre-EMU) era 1975-1998. Using multivariate cointegration techniques, we provide empirical evidence for complete long-run and incomplete short-run ERPT coefficients. The pattern of trade, which reflects the production pattern as well as intervention policies, appearing from the country's course towards EMU, justifies these estimations. Complete ERPT and estimated disconnection of the exchange rate of the Hellenic Drachmae from the real industrial production may be accepted as an argument in favour of joining the euro, within a single criterion of Optimum Currency Areas' theory.
ISSN: 14664291
13504851
DOI: 10.1080/17446540802298050
URI: https://uniwacris.uniwa.gr/handle/3000/1230
Type: Article
Department: Department of Accounting and Finance 
School: School of Administrative, Economics and Social Sciences 
Affiliation: University of West Attica (UNIWA) 
Appears in Collections:Articles / Άρθρα

CORE Recommender
Show full item record

Page view(s)

24
checked on Nov 5, 2024

Google ScholarTM

Check

Altmetric

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.