Linkage among exchange rate, price level and balance of payments: The case of the Czech Republic
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F16%3A00090527" target="_blank" >RIV/00216224:14560/16:00090527 - isvavai.cz</a>
Výsledek na webu
—
DOI - Digital Object Identifier
—
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Linkage among exchange rate, price level and balance of payments: The case of the Czech Republic
Popis výsledku v původním jazyce
Relationships between selected macroeconomic variables - nominal exchange rate, international reserves, real exchange rate, price level, credit and debit transactions of balance of payments - in the Czech Republic have been investigated in presented paper. Implemented cointegration analysis and vector error correction model suggest several pairs of Granger causalities. It has been discovered that change in price level Granger-causes international reserves change and change in debit transactions Granger-causes price level change. These relationships have nature of two-way Granger causalities, which means that reversed relationships hold as well. One-way Granger causality was found also in two cases: change in nominal exchange rate Granger-causes real exchange rate change and change in credit transactions Granger-causes price level change. Other relationships implying Granger causality were inconclusive.
Název v anglickém jazyce
Linkage among exchange rate, price level and balance of payments: The case of the Czech Republic
Popis výsledku anglicky
Relationships between selected macroeconomic variables - nominal exchange rate, international reserves, real exchange rate, price level, credit and debit transactions of balance of payments - in the Czech Republic have been investigated in presented paper. Implemented cointegration analysis and vector error correction model suggest several pairs of Granger causalities. It has been discovered that change in price level Granger-causes international reserves change and change in debit transactions Granger-causes price level change. These relationships have nature of two-way Granger causalities, which means that reversed relationships hold as well. One-way Granger causality was found also in two cases: change in nominal exchange rate Granger-causes real exchange rate change and change in credit transactions Granger-causes price level change. Other relationships implying Granger causality were inconclusive.
Klasifikace
Druh
D - Stať ve sborníku
CEP obor
AH - Ekonomie
OECD FORD obor
—
Návaznosti výsledku
Projekt
—
Návaznosti
S - Specificky vyzkum na vysokych skolach
Ostatní
Rok uplatnění
2016
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název statě ve sborníku
The 8th international conference: Economic Challenges in Enlarged Europe
ISBN
—
ISSN
2382-6797
e-ISSN
—
Počet stran výsledku
15
Strana od-do
185-199
Název nakladatele
Tallinn School of Economics and Business Administration of the Tallinn University of Technology
Místo vydání
Tallinn
Místo konání akce
Tallinn
Datum konání akce
1. 1. 2016
Typ akce podle státní příslušnosti
WRD - Celosvětová akce
Kód UT WoS článku
—