S-WoPEc
 
Scandinavian Working Papers in Economics
HomeAboutSeriesSubject/JEL codesAdvanced Search
FIEF - Trade Union Institute for Economic Research Working Paper Series, FIEF - Trade Union Institute for Economic Research

No 180:
The Swedish Real Exchange Rate under Different Currency Regimes

Anna Larsson ()

Abstract: This paper presents evidence on the behavior of the Swedish real exchange rate relative to Germany under different currency regimes 1973:1-2001:4. The results suggest that the real exchange rate is cointegrated with Swedish and German productivity, which is consistent with Balassa (1964) and Samuelson (1964). In the short run, the regime has mattered for the dynamics of the real exchange rate. Deviations from equilibrium have been adjusted more quickly when the nominal exchange rate has been allowed to float freely, which indicates that it acts as a shock absorber.

Keywords: Real exchange rate; Exchange rate regimes; Cointegration; (follow links to similar papers)

JEL-Codes: C22; E31; F41; (follow links to similar papers)

29 pages, November 11, 2002, Revised September 18, 2003

This paper is a considerably revised version of my master thesis written at Stockholm University.

Before downloading any of the electronic versions below you should read our statement on copyright.
Download GhostScript for viewing Postscript files and the Acrobat Reader for viewing and printing pdf files.

Full text versions of the paper:

WP180.pdf    PDF-file (243kB) 
Download Statistics
This paper is published as:
Larsson, Anna, (2004), 'The Swedish Real Exchange Rate under Different Currency Regimes', Review of World Economics, Vol. 40, No. 4, pages 706-727



Questions (including download problems) about the papers in this series should be directed to Sune Karlsson ()
Report other problems with accessing this service to Sune Karlsson () or Helena Lundin ().

Programing by
Design by Joachim Ekebom

Handle: RePEc:hhs:fiefwp:0180 This page was generated on 2014-12-14 19:22:16