Please use this identifier to cite or link to this item:
Author: Βλάσσης, Παναγιώτης
Vlassis, Panagiotis
Title: Foreign exchange pressure in two South-East european economies.
Date Issued: 2014
Department: Διατμηματικό Πρόγραμμα Μεταπτυχιακών Σπουδών στην Οικονομική Επιστήμη
Supervisor: Καρφάκης, Κωνσταντίνος Ι.
Karfakis, Constantinos
Abstract: In this thesis, the determinants of foreign exchange market pressure in two South East European Economies (Albania and Romania), is explored. An Exchange Market Pressure Index is constructed for each of these countries and its relation to five critical economic indicators (domestic credit, budget deficit, real exchange rate, reserves adequacy ratio and current account) is assessed using Autoregressive Distributed Lag (ARDL) bounds testing methodology. Results indicate a long run cointegration relationship between the variables in both countries. Granger causality analysis indicates that the EMP is mostly influenced by the real exchange rate (in Albania), budget deficit (in Romania) and the reserves adequacy ratio (in both countries).
Keywords: Exchange market pressure
Exchange rates
Exchange rate
ARDL Bounds testing
EMP Index
South East Europe
Autoregressive distributed lag
Foreign exchange
Information: Διπλωματική εργασία--Πανεπιστήμιο Μακεδονίας, Θεσσαλονίκη, 2014.
Appears in Collections:ΔΠΜΣ Οικονομική Επιστήμη (M)

Files in This Item:
File Description SizeFormat 
VlassisPanagiotisMsc2014.pdf411.59 kBAdobe PDFView/Open

This item is licensed under a Creative Commons License Creative Commons