Results 11 to 20 of about 5,562 (304)
Real exchange rate misalignments [PDF]
International Review of Economics & Finance, 2010 Abstract This paper investigates episodes of real exchange rate appreciations and depreciations for a sample of 85 countries from 1960 to 1998. A Markov Switching Model is used to characterize real exchange rate misalignment series as stochastic autoregressive processes governed by two states corresponding to different means and variances.
Terra, Maria Cristina T. +1 more
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Would a competitive real exchange rate be a driver of economic prosperity?
PSL Quarterly Review, 2023 This article assesses the effects of real exchange rate misalignment on long-term growth, between 1995 and 2018, in a set of 151 countries. Our findings indicate that a competitive real exchange rate is positively associated with growth over the long ...
Hugo Iasco-Pereira +1 more
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Determinants of the Real Equilibrium Exchange Rate in Albania: An Estimation Based on the Co-integration Approach [PDF]
ACRN Journal of Finance and Risk Perspectives, 2019 Problem/Relevance: Investigation of exchange rate behaviour has been an important topic in international monetary economics because of the impact of exchange rates on economies. One strand of the literature has focused on explaining the observed movement
Natasha Ahmetaj, Merita Bejtja
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Exchange Rate Misalignments and Crises [PDF]
SSRN Electronic Journal, 1999 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 currency crises, there is a multitude of weak and ...
Jerome L. Stein, Giovanna Paladino
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Exchange rate misalignment, state fragility, and economic growth in sub-Saharan Africa
Cogent Economics & Finance, 2021 The sluggish and sometimes negative growth in sub-Saharan Africa has defined the objectives of most studies seeking to explain the sources of its slow growth.
Brian Tavonga Mazorodze
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Scientific Annals of Economics and Business, 2021 The study aims to investigate the validity of the Balassa-Samuelson Effect in a sample of five African countries, the Democratic Republic of Congo, Mauritius, Morocco, South Africa and Tunisia for the period 1991 to 2016.
Joel Hinaunye Eita +2 more
doaj +1 more source
Does an undervalued currency merit economic growth?: Evidence from Taiwan [PDF]
Panoeconomicus, 2012 Whether an undervalued currency is an attainable industrial policy for developing countries’ sustained development has recently invoked many discussions.
Yan Ho-Don, Yang Cheng-Lang
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On the Determinants of Exchange Rate Misalignments [PDF]
SSRN Electronic Journal, 2013 The literature on exchange rate misalignments is very extensive as well as the literature on exchange rate determinants. To our knowledge, however, no study has analyzed the determinants of exchange rate misalignments. As huge capital inflows have been pouring into emerging countries since the climax of the crisis, exchange rate misalignments are ...
Saadaoui, Jamel +2 more
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Real Exchange Rate Misalignment: Prelude to Crisis? [PDF]
SSRN Electronic Journal, 2005 Abstract A model of the long-run equilibrium real exchange rate based upon macroeconomic fundamentals is employed to calculate real exchange rate misalignments for Poland and Russia during the 1990s using the Beveridge and Nelson (Beveridge, S., Nelson, C., 1981.
David M. Kemme, Saktinil Roy
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Real-Exchange-Rate Misalignments and Growth [PDF]
, 1999 Сегодня концепция отклонения реального курса от своего равновесного уровня (real exchange rate misalignment) является стандартной в международной макроэкономической теории и политике. Однако до сих пор нет единого мнения по поводу того, что считать показателем отклонения и как его строить.
Ofair Razin, Susan M. Collins
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