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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

Discovering the Signs of Dutch Disease in Russia

Mironov, V. - 2015

This paper examines the problem of Dutch disease in Russia during the oil boom of the 2000s, from both the theoretical and empirical points of view. Our analysis is based on the classical model of Dutch disease by Corden and Neary (1982). We examine the relationship between changes in the...

Persistent link: https://www.econbiz.de/10013029127

Exchange Rate Dynamics in Indonesia : 1980-1998

Saxena, Sweta Chaman - 2004

This paper estimates the equilibirum level of the real exchange rate for Indonesia in order to measure the extent of overvaluation of the rupiah at the time of the Asian crisis in 1997. The equilibrium level of the real exchange rate is measured using cointegration approach, unobserved component...

Persistent link: https://www.econbiz.de/10014073319

Why has the Norwegian krone exchange rate been persistently weak? : a fully simultaneous VAR approach

Benedictow, Andreas; Hammersland, Roger - 2022

We identify variables that help explain the persistent weakness of the Norwegian krone since 2016 within a fully simultaneous model of the underlying process driving the krone-euro exchange rate. In addition to a set of fundamental variables we consider non-traditional explanatory variables...

Persistent link: https://www.econbiz.de/10013257136

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