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Real Exchange Rate Volatility : Does the Nominal Exchange Rate Regime Matter?
Liang, Hong - 2006
A recent study by Grilli and Kaminsky (1991) argues that real exchange rate (RER) behavior is likely to be dependent on the particular historical period rather than on the nominal exchange rate arrangement itself. This paper reexamines RER behavior using alternative data sets, as well as...
Persistent link: https://www.econbiz.de/10012782130
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Exchange Rate Misalignments and Crises
Stein, Jerome L.; Paladino, Giovanna - 2021
The problem is to evaluate the likelihood that a country will face a currency or balance of payments crisis over a given horizon. When is it rational for market participants to expect a depreciation of the currency? On the basis of considerable empirical studies we know that in both banking and...
Persistent link: https://www.econbiz.de/10013320946
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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 …
Persistent link: https://www.econbiz.de/10012501404
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Causality between stock prices and exchange rates in Turkey : empirical evidence from the ARDL bounds test and a combined cointegration approach
Türsoy, Turgut - In: International Journal of Financial Studies : open … 5 (2017) 1, pp. 1-10
between the variables. The evidence reveals that there is a strong long-run cointegration. The robustness of the ARDL bounds … Turkey for the period between January 2001 and September 2016. This study uses the autoregressive distributed lag (ARDL … test cointegration was confirmed using the newly-developed combined cointegration, which also provided the same evidence …
Persistent link: https://www.econbiz.de/10011649295
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Testing j-curve effect on trade balance in Turkish economy
Kansel, Zubeyir Can; Bari, Bilgin - In: Financial studies 24 (2020) 1, pp. 53-69
floating exchange rate in the Turkish economy. For this purpose, ARDL and ECM models have been developed by using quarterly …
Persistent link: https://www.econbiz.de/10012210658
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The nexus among competitively valued exchange rates, price level, and growth performance in the Turkish economy : new insight from the global value chains
Shuabiu, Umar Aliyu; Usman, Mohammed A. M.; … - In: Journal of risk and financial management : JRFM 14 (2021) 11, pp. 1-19
annual data from 1980 to 2020 within the framework of the ARDL bound test, Bayer and Hanck Cointegration (BHC) test, and ECM …
Persistent link: https://www.econbiz.de/10012795288
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Real exchange rate misalignment and economic growth in Nigeria (1960-2011)
Ibrahim, Waheed - In: CBN journal of applied statistics 7 (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/10011460320
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The behaviour of the real effective exchange rate of South Africa: Is there a misalignment?
Khomo, Melvin M.; Aziakpono, Meshach Jesse - In: Cogent Economics & Finance 8 (2020) 1, pp. 1-16
This paper examines the extent of misalignment of the real effective exchange rate (REER) of South African rand. With … Clark and MacDonald (1998) the study uses a cointegration technique, which caters for endogeneity to estimate the …, external openness, capital flows and government expenditure. The MSM correctly captures exchange rate misalignment as distinct …
Persistent link: https://www.econbiz.de/10012657605
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Exchange rate misalignment under different exchange rate regimes in Nigeria
Essien, Sunday N.; Uyaebo, Stephen O. U.; Omotosho, … - In: CBN journal of applied statistics 8 (2017) 1, pp. 1-21
RER misalignment under different exchange rate policies considered, model results indicated that the naira was overvalued …
Persistent link: https://www.econbiz.de/10011843508
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Modelling Ireland's exchange rates : from EMS to EMU
Bond, Derek (contributor); Harrison, Michael J. (contributor) - 2007
, are discussed and applied. The results obtained highlight the likely inadequacies of the standard cointegration and Star …
Persistent link: https://www.econbiz.de/10003616696