INFLATIONARY DYNAMICS OF EXCHANGE RATE MOVEMENTS OF BANGLADESHI TAKA : COINTEGRATION AND VECTOR ERROR CORRECTION ANALYSIS

Addresses inflationary dynamics of exchange rate movements of Bangladeshi taka in a multivariate setting. Finds evidence of cointegration among the time series variables and hence vector error correction models are estimated to explore the short-run behavior under the postulated relationship.

Subjects

• Inflation (Finance)
• Foreign exchange rates

Details

• From
  Savings and Development, No. 2 2005, pp. 133-154