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index of RER misalignment from a cointegrated panel of 102 countries, in order to relate it to the type of export basket of … identify those that contribute to its overvaluation. The results demonstrate that an export basket focused on primary products … contributes to appreciate the real exchange rate, while an export basket with a higher share of manufactured products does not …
Persistent link: https://www.econbiz.de/10011372184
This study aims to analyze empirically the interactions between exchange rate behavior and the performance of Brazilian foreign trade. First, the empirical literature on the subject is reviewed, in order to elucidate methodological issues such as appropriate model type, identification strategy,...
Persistent link: https://www.econbiz.de/10011372280
index of RER misalignment from a cointegrated panel of 102 countries, in order to relate it to the type of export basket of … identify those that contribute to its overvaluation. The results demonstrate that an export basket focused on primary products … contributes to appreciate the real exchange rate, while an export basket with a higher share of manufactured products does not …
Persistent link: https://www.econbiz.de/10010403982
This study aims to analyze empirically the interactions between exchange rate behavior and the performance of Brazilian foreign trade. First, the empirical literature on the subject is reviewed, in order to elucidate methodological issues such as appropriate model type, identification strategy,...
Persistent link: https://www.econbiz.de/10010405409
This article analyzes the exchange rate misalignment in Brazil in the period between 1994 and the early 2008, exploring its causes and consequences. The method used was to adjust the exchange rate according to the economic fundamentals. The estimations led to an expected long-term exchange rate,...
Persistent link: https://www.econbiz.de/10003857099
This paper aims to estimate the equilibrium real exchange rate for the Brazilian economy. The equilibrium exchange rate is defined as the level of exchange that guarantees that the net foreign asset position is stable over time. An econometric model is estimated using cointegration techniques....
Persistent link: https://www.econbiz.de/10009314554
Recent studies have called attention that China may limit the export diversification and technological upgrading of …
Persistent link: https://www.econbiz.de/10011372178
Recent studies have called attention that China may limit the export diversification and technological upgrading of …
Persistent link: https://www.econbiz.de/10010406316
One of the main objectives of the Bretton Woods negotiations was to guarantee the firm control over competitive exchange rate devaluations, which had worsened the effects of the economic crisis of the 1930s. The par value exchange rate system was thus created, representing a link between the...
Persistent link: https://www.econbiz.de/10010330523
One of the main objectives of the Bretton Woods negotiations was to guarantee the firm control over competitive exchange rate devaluations, which had worsened the effects of the economic crisis of the 1930s. The par value exchange rate system was thus created, representing a link between the...
Persistent link: https://www.econbiz.de/10009783714