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Argentinean real exchange rate 1900 - 2006: Testing purchasing power parity theory

dal Bianco, Marcos José - In: Estudios de Economía 35 (2008) 1, pp. 33-64

This paper tests the Purchasing Power Parity Theory of Exchange Rates dealing with Argentinean data for the period 1900-2006. This is equivalent to testing if the Real Exchange Rate is a stationary variable or if its components (the nominal exchange rate and the relative prices) are...

Persistent link: https://www.econbiz.de/10010289485

Does the world real interest rate affect the real exchange rate? The South East Asian experience

Gente, Karine; León-Ledesma, Miguel A. - 2004

We analyse the consequences of US real interest rate rises on the real exchange rate (RER) in a two-good overlapping generations model of a semi-small open economy. The equilibrium RER depreciates (appreciates) when the world interest rate increases in a debtor (creditor) country. We then study...

Persistent link: https://www.econbiz.de/10010290623

Reconsidering the price-income relationship across countries

Fujii, Eiji - 2013

This study reconsiders the well-known cross-country positive association between prices and income by focusing on heterogeneity between the inter-developed-country and inter-developing-country relationships. Empirical results reveal not only that developed and developing countries differ in...

Persistent link: https://www.econbiz.de/10010291651

Current Account Imbalances and Real Exchange Rates in the Euro Area

Arghyrou, Michael - Economics Section, Cardiff Business School - 2006

Global current account imbalances have been one of the focal points of interest for policymakers during the last few years. Less attention has been paid, however, to the diverging current account balances of the individual euro area countries. In this paper we consider the dynamics of current...

Persistent link: https://www.econbiz.de/10005509762

Análisis del Tipo de Cambio Real: Chile 1986-1999

Cerda, Rodrigo; Donoso, Álvaro; Lema, Aldo - In: Latin American Journal of Economics-formerly Cuadernos … 42 (2005) 126, pp. 329-356

This paper incorporates demand and supply fundamentals in the determination of the Real Exchange Rate (RER). We are able to confirm the negative influence of the ratio expenditure-PIB and the terms of trade on RER, but in addition we find robust evidence

Persistent link: https://www.econbiz.de/10005510187

What Makes a Commodity Currency?

Lee, Dongwon; Chen, Yu-chin - Department of Economics, University of California-Riverside - 2014

The â€œcommodity currencyâ€ literature highlights the robust exchange rate response to fluctuations in world commodity prices that occurs for major commodity exporters. The magnitude of this response, however, varies widely among countries. Our panel data analysis using 63 countries for...

Persistent link: https://www.econbiz.de/10011134222

Skill-Biased Technological Change and the Real Exchange Rate

Gubler, Matthias; Sax, Christoph - Schweizerische Nationalbank (SNB) - 2014

We sketch a model that shows how skill-biased technological change may reverse the classic Balassa-Samuelson effect, leading to a negative relationship between productivity in the tradable sector and the real exchange rate. In a small open economy, export goods are produced with high-skilled...

Persistent link: https://www.econbiz.de/10011098078

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 …

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

Régime de change, taux de change réel, flux commerciaux et investissements directs étrangers: le cas du Maroc

Bouoiyour, Jamal; Rey, Serge - Volkswirtschaftliche Fakultät, … - 2005

We study the behavior of the Real Effective Exchange Rate (REER) of the dirham against the European currencies (the EU15), over the period 1960–2000. We measure the volatility using standard deviation, and the misalignments as the difference between the actual REER and the equilibrium REER...

Persistent link: https://www.econbiz.de/10011259399

Measuring the Effectiveness of Cost and Price Competitiveness in External Rebalancing of Euro Area Countries: What Do Alternative HCIs Tell Us?

Christodoulopoulou, Styliani; Tkacevs, Olegs - Latvijas Banka - 2014

the role of price competitiveness in restoring external balances. It is a first attempt to compare marginal effects of … various harmonised competitiveness indicators (HCIs) on both exports and imports of both goods and services across individual … Slovakia, where exports of services are also found to be more sensitive to competitiveness indicators based on broader price …

Persistent link: https://www.econbiz.de/10011085441