Open AccessConformable econometric model for the exchange rate EUR/PLN in 2000-2006
Author(s) -
Małgorzata Madrak-Grochowska
Publication year - 2008
Publication title -
equilibrium
Language(s) - English
Resource type - Journals
eISSN - 2353-3293
pISSN - 1689-765X
DOI - 10.12775/equil.2008.005
Subject(s) - conformable matrix , exchange rate , balance of payments , economics , econometric model , econometrics , interest rate , monetary economics , physics , quantum mechanics
The main target of this paper was to identify crucial factors of average exchange rate EUR/PLN and analyze their impact on fluctuation of this exchange rate in particular quarters in 2000-2006. That study was based on both conformable econometric model’s conception and open economy’s theory. Conducted research has led to the conclusion that the most important bearing on average exchange rate EUR/PLN in 2000-2006 had polish reference rate, financial account of polish balance of payments and previous average exchange rate EUR/PLN. Moreover, estimated conformable econometric model was used to forecast average exchange rate EUR/PLN for particular quarters in 2007 and gave satisfactory results.