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Sunday, July 19, 2020 | History

2 edition of econometric model of Canada under the fluctuating exchange rate. found in the catalog.

econometric model of Canada under the fluctuating exchange rate.

Lawrence H. Officer

econometric model of Canada under the fluctuating exchange rate.

by Lawrence H. Officer

  • 23 Want to read
  • 24 Currently reading

Published by Harvard U.P. in Cambridge (Mass.) .
Written in English


Edition Notes

SeriesHarvard economic studies -- 130
ID Numbers
Open LibraryOL19738395M

**Note** These exchange rates are the rates used by the Canada Border Services Agency to determine the value of foreign currencies. This rate is normally between the buy and sell rate used by Banks and is not intended as a guide for personal or business currency exchange. Exchange rates are posted daily at 9AM Pacific Time. An Econometric Model of Canada Under the Fluctuating Exchange Rate. Harvard University Press; ISBN p. , ↑ A. Claire Cutler. Canadian Foreign Policy and International Economic Regimes. UBC Press; 1 November ISBN p. –.

Bilateral nominal exchange rate and cross Under the PPP hypothesis the real exchange rate should oscillate around a constant (or a trend): there can be short-run deviations, but over the long-run the REER should show a tendency to converge to a constant (or a trend). Exchange rate policies come in a range of different forms listed in Figure 1: let the foreign exchange market determine the exchange rate; let the market set the value of the exchange rate most of the time, but have the central bank sometimes intervene to prevent fluctuations that seem too large; have the central bank guarantee a specific exchange rate; or share a currency with other countries.

  Now let us begin with the model. According to the absolute purchasing power parity the exchange rate is obtained by dividing the price level of the home country with that of the foreign country.i.e. P = eP*, P stands for the domestic price level and P* the foreign price level. e is the exchange rate. The demand for money equation is given by. The Floating Exchange Rate. A floating exchange rate, or fluctuating exchange rate, is a type of exchange rate regime wherein a currency’s value is allowed to fluctuate according to the foreign exchange market. A currency that uses a floating exchange rate is known as a floating currency. The dollar is an example of a floating currency.


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Econometric model of Canada under the fluctuating exchange rate by Lawrence H. Officer Download PDF EPUB FB2

Get this from a library. An econometric model of Canada under the fluctuating exchange rate. [Lawrence H Officer]. An Econometric Model of Canada Under the Fluctuating Exchange Rate (Harvard Economic Studies #) (Hardcover) By Lawrence H.

Officer. Harvard University Press,pp. Publication Date: January 1,   An illustration of an open book. Books. An illustration of two cells of a film strip.

Video An illustration of an audio speaker. An econometric model of Canada under the fluctuating exchange rate An econometric model of Canada under the fluctuating exchange rate by Officer, Lawrence H. Publication date Pages: Between Septemand May 2,the value of the Canadian dollar was allowed to fluctuate.

This situation, in conjunction with an abundance of Canadian quantitative data, provided Lawrence Officer with a unique opportunity to test theories concerning an economy under the influence of a fluctuating exchange rate.

In order to explain the fluctuations that occurred, Officer set up a. An Econometric Model of Canada under the Fluctuating Exchange Rate.

By LAWRENCE H. OFFICER. Harvard Econometric Studies Cambridge: Harvard University Press, Pp. x, $ The construction of econometric models of the Canadian economy got off to a flying start after World War II with the development of an annual model.

The Brookings quarterly econometric model of the United States. Chicago and Amsterdam: Rand McNally & Co. and North-Holland. An econometric model of Canada under the fluctuating exchange rate. Cambridge: Harvard University Press. A model of the Canadian economy under fixed and fluctuating exchange rates.

Journal of. Discover Book Depository's huge selection of Lawrence H Officer books online. Free delivery worldwide on over 20 million titles. The Bank of Canada (BoC; French: Banque du Canada) is a Crown corporation and Canada's central bank.

Chartered in under the Bank of Canada Act, it is responsible for formulating Canada's monetary policy, and for the promotion of a safe and sound financial system within Canada. The Bank of Canada is the sole issuing authority of Canadian banknotes, provides banking services and money.

the exchange rate, while the performance of the NNs clearly improves when they are trained on monthly data. Keywords Exchange rate forecasting, purchasing power parity, econometric models, neural networks.

') University of Cagliari and CRENoS, Wale Fra' Ignazio, 78, I - Cagliari (Italy); Tel. Daily exchange rate Euro / NZ Dollar: five surveys; 1 Source of data are Bloomberg and Borsa Italiana. 2 The construction of the data set of the ANN is based on the concept of historical memory as the objective of the ANN is to predict the trend of the exchange rate Euro / Dollar.

Downloadable. Numerous researchers have studied the connection between exchange rate fluctuations and macroeconomic variables for various market economies.

Few studies, however, have addressed whether these relationships may differ based on the market classification of the given economy. This study examined the impact on exchange rates for Japan (a proxy for developed economies) and.

The New York Money Market and the Finance of Trade, by C A E Goodhart,available at Book Depository with free delivery worldwide. We estimate the link between exchange rate fluctuations and the labour input of Canadian manufacturing industries. The analysis is based on a dynamic model of labour demand, and the econometric strategy employs a panel two-step approach for cointegrating regressions.

Our data are drawn from a panel of 20 manufacturing industries from the. Definitions: Exchange rate – value of a currency expressed in terms of another currency. (In other words: price of the currency in terms of another currency).

Floating exchange rates (system) – when the exchange rate of a currency is determined by the supply and demand for that currency. Appreciation (of a currency) – occurs when a currency increases in value against another currency, i. The exchange rate between the Canadian and U.S. dollars is a fixture in daily newscasts and newspapers, so you'd think we would have become a nation of currency strategists by now.

Far from it. Most small and medium‑sized exporters and importers have no formal policies for managing exchange rate risk—a process also known as currency hedging. is the right exchange rate regime for Canada or whether we should fixthe exchange rate between the Canadian and U.S.

currencies, as we did from to – see, for example, Murray and Powell (), and Murray, Powell, and Lafleur (). A floating exchange rate gives Canada the flexibility to have different monetary conditions than. The purpose of this paper is to build a model which successfully predicts the medium/long term USD/INR exchange rate movement.

There has been a lot of research and analysis work already in the area of exchange rate prediction as this is an area of interest for Scholars, Business houses, Investors and. An Econometric Model of Canada Under the Fluctuating Exchange Rate avg rating — 0 ratings — published Want to Read saving /5(2).

In Canada, the debate about exchange rate regimes has been mainly among academic economists. But, with the decline of our currency against the U.S.

dollar through the s, the exchange rate has also been raised as a concern in the business community when comparing our less-impressive economic performance with that of the United States.

An Econometric Model of Canada under the Fluctuating Exchange Rate: Officer, Lawrence H. HARDCOVER: 01/01/ $ New England Textiles in the Nineteenth Century: Profits and Investment: McGouldrick, Paul F. HARDCOVER: 01/01/ $ Free Trade between the United States and Canada: The Potential Economic Effects: Wonnacott, Ronald J.

Now, using this model, the variables mentioned, i.e., INT, GDP, and IGR can be used to generate a forecast. The coefficients used (a, b, and c) will affect the exchange rate and will determine its direction (positive or negative).

Time Series Model. The time series model is completely technical and does not include any economic theory.An Econometric Model of Canada Under the Fluctuating Exchange Rate by Lawrence H.

Officer avg rating — 0 ratings — published Ahluwalia, I. J. and E. Hernandez-Cati () ‘An Econometric Model of U.S. Merchandise Imports Under Fixed and Fluctuating Exchange Rates, –73’, IMF .