Showing 1 - 10 of 1,798
This paper investigates the impacts of Naira real exchange rate misalignment on Nigeria's economic growth using quarterly data spanning the period 2000- 2014. We derive estimates of Real Exchange Rate Misalignment (RERMIS) by computing deviations of the actual real exchange rate from a...
Persistent link: https://www.econbiz.de/10012840513
Generating sustained growth in Sub-Saharan Africa is one of the most pressing challenges in global development. As the region needs foreign assistance to jump start its development, foreign aid becomes crucial. However, aid booms can also lead to exchange rate overvaluation curtailing exports...
Persistent link: https://www.econbiz.de/10013152994
In this paper we analyse the price competitiveness of the Italian regions by computing the Real Effective Exchange Rate … consumption has an extremely negative effect on competitiveness in North-Eastern Italy, Southern Italy and Lazio. Investment plays … a negative role especially in the North-West, while it can be positive for competitiveness in Lazio and Southern Italy …
Persistent link: https://www.econbiz.de/10012889778
This paper examines the effect of the real exchange rate misalignment (RERMIS) on the collective economic growth of Egypt, Jordan, Morocco, and Tunisia. The paper constructs three measures of exchange rate misalignment based on purchasing power parity; a black market exchange rate; and a...
Persistent link: https://www.econbiz.de/10013317719
Within the Balassa-Samuelson framework, productivity growth can lead to time trends in real exchange rates. The relative price of tradables and nontradables can undergo a significant change for countries experiencing dramatic productivity growth. This suggests that real exchange rates of...
Persistent link: https://www.econbiz.de/10014216252
The Chinese government has been hesitant to revalue the yuan out of concern over the negative impact revaluation would have on the domestic economy. To maintain a stable exchange rate, however, the authorities have had no choice but to tolerate large balance of payment surpluses and a rapid...
Persistent link: https://www.econbiz.de/10014055361
Between 1995 and 2005, the German economy has experienced a phase of weak economic growth. We analyze whether this weak growth performance can be attributed to the stance of monetary conditions during that period. We show that the real effective exchange rate did have almost no dampening effects...
Persistent link: https://www.econbiz.de/10010263552
Between 1995 and 2005, the German economy has experienced a phase of weak economic growth. We analyze whether this weak growth performance can be attributed to the stance of monetary conditions during that period. We show that the real effective exchange rate did have almost no dampening effects...
Persistent link: https://www.econbiz.de/10003816156
Available evidence supports the view that growth is faster in more open economies. In order to analyze the implications of openness and growth on determinacy and learnability of worldwide rational expectations equilibria we develop a two-country New Keynesian model with growth. We analyze these...
Persistent link: https://www.econbiz.de/10009696036
We examine the role of capital account policy pertaining to productivity growth and labor allocation at the sectoral level. Using panel data from 45 countries from 1985–2012, we find that capital controls combined with reserve accumulation — strategic capital account policy — contribute to...
Persistent link: https://www.econbiz.de/10012844518