Similar Search Results

Misalignment under different exchange rate regimes: the case of Turkey

Dağdeviren, Sengül; Ogus Binatli, Ayla; Sohrabji, Niloufer - Volkswirtschaftliche Fakultät, … - 2011

The paper examines misalignment of the Turkish lira between 1998 to 2008. Misalignment, specifically overvaluation has … floating exchange rate regime, we contribute to the literature on the relation between misalignment and exchange rate regimes …. We first estimate the equilibrium real exchange rate for Turkey, then compute misalignment and finally test for …

Persistent link: https://www.econbiz.de/10011111300

The behaviour of the real effective exchange rate of South Africa : is there a misalignment?

Khomo, Melvin M.; Aziakpono, Meshach Jesse - In: Cogent economics & finance 8 (2020) 1, pp. 1-16

This paper examines the extent of misalignment of the real effective exchange rate (REER) of South African rand. With …, external openness, capital flows and government expenditure. The MSM correctly captures exchange rate misalignment as distinct …

Persistent link: https://www.econbiz.de/10012440315

Long-run and Short-run Determinants of the Real Exchange Rate in Zambia

Mkenda, Beatrice Kalinda - Nationalekonomiska institutionen, Handelshögskolan - 2001

The paper analyses the main determinants of the real exchange rate in Zambia. It first gives a brief review of the Zambian economy and a review on real exchange rate studies. Then an illustrative model is presented. The study employs cointegration analysis in estimating the long-run determinants...

Persistent link: https://www.econbiz.de/10005651607

The misalignment of real effective exchange rate : evidence from Tunisia

Derbali, Ahmed - 2021

This paper presents an estimation of the Tunisian equilibrium exchange rate based on the Behavioral Equilibrium Exchange Rate approach (BEER). The BEER framework links exchange rates to its fundamentals: Tunisian productivity, partners' productivity, trade openness and terms of trade. We...

Persistent link: https://www.econbiz.de/10012501404

Panel data analysis of the proposed monetary union in the Southern African development community

Zerihun, Mulatu Fekadu; Breitenbach, Marthinus C. - In: Spoudai : journal of economics and business 67 (2017) 4, pp. 23-44

This paper examines the sensibility of a proposed monetary union in the Southern African Development Community (SADC). The study hypothesizes that the majority of the economies in the SADC region are candidates for a monetary union. We test this hypothesis against one of the prime optimal...

Persistent link: https://www.econbiz.de/10011843930

Fundamentals of Equilibrium Real Exchange Rate

Benítez, Juan; Mordecki, Gabriela - In: Revista de Economía y Estadística L (2012) 1, pp. 59-92

This paper examines the evolution of price competitiveness of Uruguayan economy, assessing the presence of "Balassa-Samuelson Effect" and a change in the economy’s international integration, in a context of income and aggregate expenditure growth, through Johansen methodology. We found a...

Persistent link: https://www.econbiz.de/10011167310

Capital Flows and Exchange Rates: The Indian Experience

DUA, PAMI; SEN, PARTHA - In: Indian Economic Review 48 (2013) 1, pp. 189-220

This paper examines the relationship between real exchange rate and the level as well as volatility of capital flows for the Indian economy for the period 1993Q2 to 2010Q4. Other variables include fiscal policy, monetary policy and external balance indicators. Estimation results indicate that...

Persistent link: https://www.econbiz.de/10010732337

Apertura, productividad y gasto agregado: un modelo de fundamentos del tipo de cambio real.

Mordecki, Gabriela; Benítez, Juan - Instituto de Economía, Facultad de Ciencias … - 2012

The Uruguayan economy has undergone over the past two decades an important growth process, together with a real appreciation of the domestic currency. This implied that the Real Exchange Rate (RER), calculated as TP/NTP, experienced important changes. From this phenomenon, this paper examines...

Persistent link: https://www.econbiz.de/10010894948

Productivity and Real Exchange Rates:Some Empirical Examples

Irandoust, Manuchehr; Sjöö, Boo - In: Journal of Economic Integration 17 (2002), pp. 527-553

This paper examines the relevance of the Balassa-Samuelson productivity-bias hypothesis for explaining long-run permanent shocks in the real exchange rates. The sample consists of yearly data on real exchange rates and productivity for six OECD countries. On the basis of Johansens maximum...

Persistent link: https://www.econbiz.de/10010991780

Testing Hypotheses in an I(2) Model with Applications to the Persistent Long Swings in the Dmk/$ Rate

Johansen, Soren; Juselius, Katarina; Frydman, Roman; … - 2008

This paper discusses a number of likelihood ratio tests on long-run relations and common trends in the I(2) model and provide new results on the test of overidentifying restrictions on beta xt and the asymptotic variance for the stochastic trends parameters, alpha 1: How to specify deterministic...

Persistent link: https://www.econbiz.de/10014217147