caa a22 4500 467895937 CHVBK 20180406152804.0 cr unu---uuuuu 170328e20060301xx s 000 0 eng 10.1007/s00181-005-0037-2 doi (NATIONALLICENCE)springer-10.1007/s00181-005-0037-2 Hasan Mohammad Faculty of Organisation and Management, Sheffield Hallam University, City Campus, Pond Street, S1 1WB, Sheffield, UK aut The prices of silver and exchange rates in a metallic monetary system—the cases of India and Iran [Elektronische Daten] [Mohammad Hasan] Using the notion of co-integration theory and a vector error correction modelling approach, this paper examines in retrospect the long-run relationship between the exchange rate of silver-based currencies and the intrinsic value of silver in India and Iran in a bivariate model. The results based on unit root and co-integration tests indicate a reliable long-run relationship between the price of silver and the exchange rate of silver-based currencies. Our findings also suggest a bi-directional relationship between the price of silver and exchange rate of pound per rupee in the case of India and a feedback relationship between the intrinsic value of qiran and the exchange rate of pound per qiran in the case of Iran. Springer-Verlag, 2006 Silver monetary standard nationallicence Bimetallic exchange rates nationallicence Arbitrage nationallicence Market efficiency nationallicence Cointegration nationallicence Empirical Economics Springer-Verlag 31/1(2006-03-01), 195-206 0377-7332 31:1<195 2006 31 181 https://doi.org/10.1007/s00181-005-0037-2 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s00181-005-0037-2 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Hasan Mohammad Faculty of Organisation and Management, Sheffield Hallam University, City Campus, Pond Street, S1 1WB, Sheffield, UK aut NATIONALLICENCE 773 0- Empirical Economics Springer-Verlag 31/1(2006-03-01), 195-206 0377-7332 31:1<195 2006 31 181 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer