Mutual Shocks of Real Effective Exchange Rate and Remittances in Ukrainian Economy
Economic Development - Global Perspectives on Investment, Security, and Growth: 36ECO 2020
Current paper concentrates on research of exchange rate shocks of Ukrainian hryvnia caused by inflows of remittances and vice versa in 1996-2019. We employed VAR model and found that real exchange rate (REER) is affected by values of itself and remittances with one-lag delay, which…