Results 11 to 20 of about 12,549,556 (288)
A General Equilibrium Model with Real Exchange Rates
Economies, 2023 In this paper, the Balassa–Samuelson–Tariffi effect is revisited. This research first aims to explain that the behaviour of the real exchange rate shows structural breaks in the short term. A partial equilibrium model “á la Rogoff” is formally formulated
Leonardo Tariffi
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Workers’ Remittances and the Equilibrium Real Exchange Rate: Theory and Evidence [PDF]
Economía, 2011 This paper investigates the impact of workers’ remittances on equilibrium real exchange rates (ERER) in recipient economies. Using a small open economy model, it shows that standard "Dutch Disease" results of appreciation are substantially weakened or even overturned depending on: degree of openness; factor mobility between domestic sectors; counter ...
Adolfo Barajas +3 more
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Foreign exchange intervention and equilibrium real exchange rates [PDF]
SSRN Electronic Journal, 2007 Abstract Monetary authorities intervene in the currency markets in order to pursue a monetary rule and/or to smooth exchange rate volatility caused by speculative attacks. In the present paper we investigate for possible intervention effects on the volatility of nominal exchange rates and the estimated equilibrium behaviour of real exchange rates ...
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Nexus between real effective exchange rate misalignment and rubber export in Nigeria
Economic Journal of Emerging Markets, 2021 Purpose - This study examines the nexus between the real effective exchange rate misalignment (REERM) and rubber exports in Nigeria. The effects of equilibrium real exchange rate (ERER) and some economic fundamentals on rubber exports are also ...
Ridwan Mukaila
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REAL EXCHANGE RATE AND ECONOMIC FUNDAMENTAL: EMPIRICAL STUDY OF ASEAN-5
Economic Journal of Emerging Markets, 2011 This paper studies the effect of fundamental economic variables on real exchange rates in Asean-5. The fundamental economic variables are capital mobility, technological progress, terms of trade, opennes index and fiscal policy.
Didi Nuryadin
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Equilibrium exchange rate assessment in Serbia using the IMF external sustainability approach [PDF]
Megatrend Revija, 2014 The exchange rate has always been a topical issue, particularly in the last two decades, at the time of strong world economy globalisation, as well as liberalization of international flows of goods, services and factors of production, which has resulted ...
Pažun Brankica
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Estimating Iceland’s Real Equilibrium Exchange Rate [PDF]
IMF Working Papers, 2007 Given recent developments in Iceland, this paper evaluates its real exchange rate disequilibrium. It discusses three approaches to estimating the equilibrium values and suggests that the adjustment needed to bring the real exchange rate in line with fundamentals is in the range of 15-25 percent, although timing and manner of this adjustment is unclear.
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Modern concepts of the equilibrium real exchange rate estimates
Mенаџмент у хотелијерству и туризму, 2014 Ambivalent attitudes of experts and different empirical results, often unsuccessful, as a result of the application of traditional concepts forming the exchange rate contributed to a new wave of research on the equilibrium real exchange rate, which ...
Brankica Pažun
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Measuring real exchange rate misalignment in Croatia: cointegration approach
Croatian Operational Research Review, 2014 The purpose of the paper is to analyze misalignment of the real exchange rate in Croatia. The misalignment analysis is conducted using the permanent equilibrium exchange rate approach.
Irena Palić +2 more
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CHINA'S EQUILIBRIUM REAL EXCHANGE RATE: A COUNTERFACTUAL ANALYSIS [PDF]
Pacific Economic Review, 2008 Abstract. China's ‘equilibrium’ real effective exchange rate is explored using an adaptation of the Devarajan‐Lewis‐Robinson three‐good general equilibrium model under a variety of assumptions about the balance of trade. The absence of secondary indices of import and export prices necessitates their construction from trade data. Some undervaluation is
Tyers, Rod, Bain, Iain, Bu, Yongxiang
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