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Determinants of real exchange rate movements in 15 emerging market economies
Goda, Thomas; Priewe, Jan - 2019
that although "commodity" and "industrial" EME are heterogeneous, REER volatility tends to be higher among the former. Yet …, REER volatility between emerging and advanced countries does not differ very much, apart from a few EME countries …
Persistent link: https://www.econbiz.de/10012109599
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Determinants of Real Exchange Rate Movements in 15 Emerging Market Economies
Goda, Thomas - 2019
although “commodity” and “industrial” EME are heterogeneous, REER volatility tends to be higher among the former. Yet, REER … volatility between emerging and advanced countries does not differ very much, apart from a few countries. EME that had more …
Persistent link: https://www.econbiz.de/10012861949
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Drivers of Peru's Equilibrium Real Exchange Rate : Is the Nuevo Sol a Commodity Currency?
Tashu, Melesse Minale - 2015
This paper tests the hypothesis of ‘commodity currency' on the nuevo sol and, more generally, identifies the drivers of Peru's equilibrium real exchange rate using a cointegration analysis. The results show that export commodity prices do not have a statistically significant impact on Peru's...
Persistent link: https://www.econbiz.de/10013026922
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External stability, real exchange rate adjustment and the exchange rate regime in emerging-market economies
Gervais, Olivier; Schembri, Lawrence; Suchanek, Lena - 2011
In emerging-market economies, real exchange rate adjustment is critical for maintaining a sustainable current account position and thereby for helping to reduce macroeconomic and financial instability. The authors examine empirically two related hypotheses: (i) that real exchange rate...
Persistent link: https://www.econbiz.de/10009154820
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Real Exchange Rate Behavior Under Peg : Evidence from the Chinese RMB and Malaysian MYR
Gu, Anthony Yanxiang - 2010
rate volatility of both the pegged currency/the anchor currency (the US dollar), and the pegged currency/the non …
Persistent link: https://www.econbiz.de/10013150619
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Home Bias, Exchange Rate Disconnect, and Optimal Exchange Rate Policy
Wang, Jian - 2015
in consumption is important to duplicate the exchange rate volatility and exchange rate disconnect documented in the data … volatility while leaving the volatility of real macroeconomic variables, such as GDP, almost untouched. The model predicts the … volatility of the real exchange rate relative to that of GDP increases with the extent of home bias. This relation is strongly …
Persistent link: https://www.econbiz.de/10012707889
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Equilibrium Exchange Rates in Transition Economies
Wyplosz, Charles - 2006
A stylized fact of the transition process is an early profound exchange rate depreciation followed by continuing real appreciation. Absent historical reference points, it is difficult to judge whether the real appreciation is threatening competitiveness. This paper interprets the stylized facts...
Persistent link: https://www.econbiz.de/10012781987
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Exchange Rate Regime, Real Misalignment and Currency Crises
Holtemöller, Oliver - 2017
Based on 69 sample countries, this paper examines the effect of macroeconomic fundamentals on real effective exchange rates (REER) in these sample countries. Using the misalignment of actual REER from its equilibrium level, we have estimated the factors explaining the extent of currency over- or...
Persistent link: https://www.econbiz.de/10012951772
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Real Exchange Rate Behavior and Economic Growth : Evidence from Egypt, Jordan, Morocco, and Tunisia
Domac, Ilker; Shabsigh, Ghiath - 2021
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
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Real Exchanges Rates in Commodity Producing Countries : A Reappraisal
Carpantier, Jean-Francois - 2013
Commodity price booms, as those recorded in the last decade, may have a significant economic impact in small, commodity exporting, developing countries. Whether the impact on output is positive or negative is still unclear. It depends on various factors, notably on the impact that commodity...
Persistent link: https://www.econbiz.de/10013083426