South Africa; Selected Issues

This Selected Issues paper estimates an equilibrium path for South Africaâ€™s real effective exchange rate. The paper briefly describes the dynamics of the real exchange rate and its determinants. It investigates the presence of a long-term relationship between the real exchange rate and certain explanatory variables, estimates the speed at which the real exchange rate converges toward its equilibrium level, and derives measures for the equilibrium real exchange rate. The paper also examines the real money demand, consumer prices, and the real exchange rate in South Africa.

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Year of publication:	2003-01-23
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Economic conditions \| exchange rate \| real exchange rate \| effective exchange rate \| real effective exchange rate \| commodity prices \| trading partners \| terms of trade \| partner countries \| nontradable goods \| tradable goods \| aggregate demand \| domestic price \| current account balance \| real exchange rate path \| political economy \| commodity exporters \| domestic demand \| exchange rate path \| fixed investment \| forward market \| exchange restrictions \| trade regime \| equilibrium exchange rate \| nominal exchange rate \| exchange rate dynamics \| trading partner \| nominal effective exchange rate \| exchange rates \| world price \| nominal interest rate \| real exchange rates \| current account surplus \| open trade regime \| currency depreciation \| open trade \| member country \| trade restrictions \| balance of payments \| trade deficit

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 03/18 10 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005825502