Equilibrium exchange rate in the Czech Republic
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86094816" target="_blank" >RIV/61989100:27510/15:86094816 - isvavai.cz</a>
Result on the web
<a href="http://apps.webofknowledge.com/full_record.do?product=WOS&search_mode=GeneralSearch&qid=3&SID=D19j9DnDLh7koi6WE9g&page=1&doc=5" target="_blank" >http://apps.webofknowledge.com/full_record.do?product=WOS&search_mode=GeneralSearch&qid=3&SID=D19j9DnDLh7koi6WE9g&page=1&doc=5</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Equilibrium exchange rate in the Czech Republic
Original language description
Lots of possible explanations of the development of the exchange rate can be found in the available literature. The aim of this paper is to find which factors in-fluence the development of the Czech currency (measured as real effective exchange rate) using the Equilibrium Exchange Rate Approach (EER) and to assess periods with over valuated and under valuated exchange rate. This approach defines varia-bles that cause changes in the level of the exchange rate and assess its effect on equi-librium exchange rate. In the case of empirical analysis, there exist a lot of econo-metric methods that can be used. This article is based on the (Johansen) cointegra-tion analysis. Since principal of EER is to find lung run equilibrium, Vector Error Correction Model (VECM) is constructed. Economic theory defines some variables that influence equilibrium exchange rate. The most important of them are the labour productivity, interest rates and government or foreign debt. These variables are also used in this article. We use quarterly data from 2000 to 2014.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Mathematical Methods in Economics, MME 2015 : 33rd international conference : conference proceedings : Cheb, Czech Republic, September 9-11, 2015
ISBN
978-80-261-0539-8
ISSN
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e-ISSN
neuvedeno
Number of pages
6
Pages from-to
7-12
Publisher name
University of West Bohemia
Place of publication
Plzeň
Event location
Cheb
Event date
Sep 9, 2015
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000387898900002