82-107

• Παλαιολόγος, Γιάννης Μ.
• Γεωργαντέλης, Σπύρος Ε.

In this paper ("An Empirical Investigation of the Factors Determining the Exchange Rate of Dr/$")we present a number of models explaining the behaviour of Dr/$ exchange rate. More specifically, the monetary model was tested and it was found that Bilson's version as well as Hooper- Morton's came ahead of the others. Furthermore, the efficiency market hypothesis was tested with rejection of the speculative market hypothesis. Finally, the random - walk model was found inappropriate compared with other univariate models as well as with other structural economics models of exchange rate behaviour.

• Economics and Business
• Computer and information sciences

• Economics
• Finance
• Statistics

Περιέχει πίνακες, σημειώσεις, παράρτημα και βιβλιογραφίες, Οι συγγραφείς εκφράζουν τις ευχαριστίες τους στους ανώνυµους κριτές για τις χρήσιµες παρατηρήσεις και υποδείξεις τους.