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Measuring the Real Effective Exchange Rate (REER) in Ghana
Opoku-Afari, Maxwell - 2004
Ghana. We discuss methodological issues surrounding the measurement of real exchange rates, including choosing price and …. However, the choice of price indices matters. Ghana seems highly competitive more recently based on the GDP-deflator index but …
Persistent link: https://www.econbiz.de/10011534197
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Real exchange rate response to capital inflows : a dynamic analysis for Ghana
Opoku-Afari, Maxwell (contributor);  … - 2004
One of the most challenging problems in developing countries such as Ghana is exchange rate management, that is … Autoregressive (VAR) techniques are used to model the long-run equilibrium real exchange rate in Ghana, and based on a multivariate … ineffectiveness or inflexibility. -- Capital Inflows ; Aid ; Real Exchange Rate ; Ghana …
Persistent link: https://www.econbiz.de/10003074249
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Foreign Aid Inflows and the Real Exchange Rate : Are There Dutch Disease Effects in Ghana?
Sanusi, Aliyu Rafindadi - 2015
This paper presents empirical evidence that the massive foreign aid inflows into Ghana that accompanied the 1983 … that aid inflows into Ghana, instead of causing real appreciation of the cedi, caused its depreciation. Using the … increases are saved to raise foreign reserves as was the case in Ghana. In the long run, however, when all aid increases were …
Persistent link: https://www.econbiz.de/10013037929
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Remittances and the Dutch disease in sub-Saharan Africa : a dynamic panel approach
Owusu-Sekyere, Emmanuel; Van Eyden, Reneé; Kemegue, … - In: Contemporary economics 8 (2014) 3, pp. 289-298
This paper investigates the effect of remittance inflows on real exchange rates in sub-Saharan Africa (SSA) using annual data from 1980 to 2008 for 34 countries, the method of moments estimator developed by Arellano and Bover (1995) and the feasible generalized least squares estimator developed...
Persistent link: https://www.econbiz.de/10010414750
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Real effective exchange rate imbalances and macroeconomic adjustments : evidence from the CEMAC zone
Asongu, Simplice A. - 2014
We assess the behavior of real effective exchange rates (REERs) of members of the CEMAC zone with respect to their long-term equilibrium paths. A reduced form of the fundamental equilibrium exchange rate (FEER) model is estimated and associated misalignments are derived for the period 1980 to...
Persistent link: https://www.econbiz.de/10011409240
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Drivers of Growth : Evidence from Sub-Saharan African Countries
Ghazanchyan, Manuk - 2013
This study examines the drivers of growth in Sub-Saharan African countries, using aggregate data, from the past decade. We correlate recent growth experience to key determinants of growth, including private and public investment, government consumption, the exchange regime and real exchange...
Persistent link: https://www.econbiz.de/10013071368
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Is the Naira-US Dollar Real Exchange Rate Misaligned?
Omotosho, Babatunde S. - 2020
Policy makers are generally interested in knowing the degree of real exchange rate (RER) misalignment because of its connection to currency crises and other external sector imbalances. In Nigeria, the Naira-US Dollar RER appreciated by 81.3 per cent between 2000 and 2008 and depreciated...
Persistent link: https://www.econbiz.de/10012840511
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Is Real Exchange Rate Misalignment a Leading Indicator of Currency Crises in Nigeria?
Omotosho, Babatunde S. - 2020
This paper constructs an early warning system (EWS) for currency crises in Nigeria based on selected key macroeconomic indicators. It estimates the probabilities of currency crises as a logistic function of the included variables within the framework of a logit model. Particularly, the extent to...
Persistent link: https://www.econbiz.de/10012840512
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Real Effective Exchange Rate Imbalances and Macroeconomic Adjustments : Evidence from the CEMAC Zone
Asongu, Simplice - 2014
We assess the behavior of real effective exchange rates (REERs) of members of the CEMAC zone with respect to their long-term equilibrium paths. A reduced form of the fundamental equilibrium exchange rate (FEER) model is estimated and associated misalignments are derived for the period 1980 to...
Persistent link: https://www.econbiz.de/10013043660
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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