000 02400cam a2200337 a 4500
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008 150426s2014 ua f m 000 0 eng d
040 _aEG-GiCUC
_beng
_cEG-GiCUC
041 0 _aeng
049 _aDeposite
097 _aPh.D
099 _aCai01.03.02.Ph.D.2014.Ra.E
100 0 _aRasha Mostafa Ahmed Hammam
245 1 0 _aExchange rates and interest rates :
_bAn empirical investigation of international fisher effect theory , The case of Egypt 2003 - 2012 /
_cRasha Mostafa Ahmed Hammam ; Supervised Abla ElKhawaga , Mona Esam
246 1 5 _aأسعار الصرف و أسعار الفائدة :
_b2012-2003 دراسة نظرية تأثير فيشر الدولية: الحالة المصرية
260 _aCairo :
_bRasha Mostafa Ahmed Hammam ,
_c2014
300 _a103 P. ;
_c25cm
502 _aThesis (Ph.D.) - Cairo University - Faculty of Economics and Political Science - Department of Economics
520 _aThis study examines the validity of the international fisher effect (IFE) theory for the Egyptian economy. Two case studies are investigated: Egypt vs. USA and Egypt vs. Germany during the period (2003 - 2012). The long run relationship between nominal changes in exchange rate and nominal interest rate differential for each of the two case studies, is examined using autoregressive distributed lag bounds test approach to co - integration and error correction model. The short run relationship is examined through impulse response function and variance decomposition. Besides, granger causality test is employed to identify the direction of the relationship. The empirical findings revealed partial significance of IFE in the case of Egyptian pound vs. US dollars, while no sign of IFE was detected in the case of Egyptian pound vs. Euro currency. The weak evidence of IFE could be attributed to Egypt{u2019}s limited financial integration with international financial markets, particularly with respect to financial instruments
530 _aIssued also as CD
653 4 _aInternational fisher effect
653 4 _aNominal exchange rate changes
653 4 _aNominal interest rate differential
700 0 _aAbla ElKhawaga ,
_eSupervisor
700 0 _aMona Esam ,
_eSupervisor
856 _uhttp://172.23.153.220/th.pdf
905 _aNazla
_eRevisor
905 _aSamia
_eCataloger
942 _2ddc
_cTH
999 _c50629
_d50629