Connection between Exchange Rate and Balance of Payments Accounts: The Case of the Czech Republic

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F16%3A00090526" target="_blank" >RIV/00216224:14560/16:00090526 - isvavai.cz</a>
Result on the web
<a href="http://is.muni.cz/do/econ/sborniky/2016/EFS2016-Proceedings-Draft.pdf" target="_blank" >http://is.muni.cz/do/econ/sborniky/2016/EFS2016-Proceedings-Draft.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Connection between Exchange Rate and Balance of Payments Accounts: The Case of the Czech Republic
Original language description
Relationships between nominal exchange rate, current account and financial account of balance of payments in the Czech Republic have been investigated in presented paper. Implemented cointegration analysis and vector error correction model suggest one pair of Granger causality. It has been discovered that change in current account balance Granger-causes change in financial account balance. This relationship has nature of two-way Granger causality, which means that reversed relationship holds as well. Other relatiohships implying Granger causality were not found. Error terms were significant only in regressions with both accounts as dependent variables, which imply that only these variables return to their long-term equilibria.
Czech name
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Czech description
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Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
EUROPEAN FINANCIAL SYSTEM 2016: PROCEEDINGS OF THE 13TH INTERNATIONAL SCIENTIFIC CONFERENCE
ISBN
9788021083080
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
824-831
Publisher name
MASARYKOVA UNIVERZITA
Place of publication
BRNO
Event location
Brno, CZECH REPUBLIC
Event date
Jun 27, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000385692200109

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