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Real exchange rate misalignment and economic growth in Nigeria (1960-2011)
Ibrahim, Waheed - In: CBN Journal of Applied Statistics 07 (2016) 1, pp. 93-110
This paper examines the impact of real effective exchange rate misalignment on economic growth in Nigeria using an … exchange rate regime is characterized by a relatively lower real exchange rate misalignment over time compared with the fixed … exchange rate regime. The GMM estimate reveals that real exchange rate misalignment has negative but significant impact on …
Persistent link: https://www.econbiz.de/10011482626
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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/10012606373
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Empirical estimation of REER trend for Ukraine
Vdovychenko, Artem - 2021
In this study, we apply BEER and FEER approaches to estimate the REER trend on Ukrainian data. By applying BEER we were able to identify the long-run factors which explain the dynamics of the REER trend. FEER approach gives us information on the determinants and measurements of the current...
Persistent link: https://www.econbiz.de/10012606375
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Real Exchange Rate Misalignment in the Euro Area: Is the Current Development Helpful?
Hajek, Jan - 2016
misalignment in the euro area over the period 1980-2014. In a panel data setting, we find significant links between real exchange … the direction of linking the estimated misalignment to inflationary differentials. Our results indicate that a positive 1 …
Persistent link: https://www.econbiz.de/10011787274
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Estimando o desalinhamento cambial : metodologia para cálculo de bandas de precisão
Marçal, Emerson Fernandes - 2013
exchange misalignment is not directly observed and its precision depends on the coefficients that link fundamentals to real … and suggest a bootstrap approach to calculate error bands. The misalignment estimative is based on cointegration … is important to highlight the precision and the limitations of the misalignment exchange rate calculus exercise and …
Persistent link: https://www.econbiz.de/10010230629
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Real exchange rate misalignment in the euro area : is the current development helpful?
Hajek, Jan - 2016
misalignment in the euro area over the period 1980-2014. In a panel data setting, we find significant links between real exchange … the direction of linking the estimated misalignment to inflationary differentials. Our results indicate that a positive 1 …
Persistent link: https://www.econbiz.de/10011505006
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Empirical estimation of REER trend for Ukraine
Vdovychenko, Artem - 2021
In this study, we apply BEER and FEER approaches to estimate the REER trend on Ukrainian data. By applying BEER we were able to identify the long-run factors which explain the dynamics of the REER trend. FEER approach gives us information on the determinants and measurements of the current...
Persistent link: https://www.econbiz.de/10012501410
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A new assessment of the Chinese RMB exchange rate
Zhang, Zhibai; Chen, Langnan - In: China Economic Review 30 (2014) C, pp. 113-122
The ratio, Penn effect and behavioral equilibrium exchange rate (BEER) are used to assess the level of the bilateral real exchange rate of the Chinese RMB against the US dollar in 1980–2012. The statistical indexes and economic meaning indicate that the findings from the BEER and ratio models...
Persistent link: https://www.econbiz.de/10010931678
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Currency Undervaluation and Growth: Is there a Productivity Channel?
Mbaye, Samba - Volkswirtschaftliche Fakultät, … - 2012
Undervaluation of the currency is generally believed to affect growth through two main transmission channels: the “capital accumulation channel” and the “total factor productivity (TFP) growth channel”. This paper carries out the first empirical investigation on the TFP growth channel....
Persistent link: https://www.econbiz.de/10011260337
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Theory and Empirics of Real Exchange Rates in Developing Countries
Soto, Raimundo; Elbadawi, Ibrahim A. - Instituto de Economía, Facultad de Ciencia Económicas … - 2007
misalignment indexes. We test the model in a sample of 73 developing countries in the 1970-2004 period using the PMG estimator … to compute the misalignment of the real exchange rate, which requires to compute the permanent components of the …
Persistent link: https://www.econbiz.de/10005212288