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It is often argued that the parallel market premium is a useful indicator of real exchange rate misalignment in developing countries. The empirical evidence does not, however, suggest the existence of a robust correlation between these two endogenous variables that is independent of the nature...
Persistent link: https://www.econbiz.de/10014396125
The exchange rate is a crucial variable linking a nation's domestic economy to the international market. Thus choice of an exchange rate regime is a central component in the economic policy of developing countries and a key factor affecting economic growth. Historically, most developing nations...
Persistent link: https://www.econbiz.de/10012688489
countries. The Ethiopian government employed a devaluation policy to improve the export performance of the country. However …'s export performance. Therefore, the prime objective of the study was to investigate the effect of domestic currency … devaluation on Ethiopian major primary export commodities by employing time series data for the period 1987 to 2020. With the help …
Persistent link: https://www.econbiz.de/10014500698
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exports is estimated based on the period from 1995Q1 to 2014Q4. Looking at some of the main export partners of Greece, the … for a part of the Greek exports. We find that Greek export activity is characterized by “bands of inaction” with respect … exports. To check for robustness we (a) estimate Greek export equations for a limited sample excluding the recent financial …
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countries during the period 1995-2008. In addition, the relationship between real exchange rate misalignment and export … misalignment could have a negative impact on export performance in developing Asia. With its implications on economic activity …
Persistent link: https://www.econbiz.de/10014045285
Export responses to real exchange rate (RER) depreciations in Pakistan are lower than those to appreciations. This … paper empirically documents this asymmetric response using macro-level data. It then relies on a disaggregated export … product-level data set for 2003-17 to test, within a panel fixed-effects framework, three hypotheses explaining the low export …
Persistent link: https://www.econbiz.de/10012297504