| ID | 111899 |
| Title Proper | Expectations for peace in Israel and the value of the Israeli shekel, 1999-2008 |
| Language | ENG |
| Author | Schein, Andrew |
| Publication | 2012. |
| Summary / Abstract (Note) | This article presents a regression analysis of some of the factors that influenced the value of the Israeli shekel from 1999 to 2008. The regression results show that changes in domestic expectations for peace in Israel had a significant effect on the value of the shekel. These results combined with a review of the political and economic developments in 2002 suggest that the exchange rate crises in the Israeli foreign currency market in the second quarter of 2002 was due to a decrease in expectations for peace and that the exchange rate stabilized in the end of the quarter due an increase in expectations for peace in Israel in the end of June. |
| `In' analytical Note | Israel Affairs Vol. 18, No.2; Apr 2012: p. 219-233 |
| Journal Source | Israel Affairs Vol. 18, No.2; Apr 2012: p. 219-233 |
| Key Words | Intifada ; Oslo Peace Index ; Foreign Exchange Market ; Interest Rate Parity |