Results 261 to 270 of about 5,562 (304)

Exchange Rate Misalignment in Nepal

Journal of South Asian Development, 2014
Nepal has a large and persistently growing trade deficit with India and an overall negative trade balance. Its economy is growing slowly relative to India’s, while the exchange rate is pegged with India at a parity that is believed to be overvalued.
openaire   +1 more source

EXCHANGE RATE MISALIGNMENT AND AGRICULTURAL TRADE

2000
Using a sample consisting of bilateral trade flows across 10 developed countries between 1974 and 1995, this paper explores the effect of exchange rate misalignment on the growth of agricultural trade as compared to other sectors. Controlling for other factors likely to determine the growth in bilateral agricultural trade, the results show that long ...
Cho, Guedae, Sheldon, Ian M., McCorriston, Steve, Cho, Guedae, Sheldon, Ian M., McCorriston, Steve   +5 more
openaire   +3 more sources

Financial Premium and Real Exchange Rate Misalignment

Journal of Economics, 2003
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
openaire   +1 more source

Current-account adjustments and exchange-rate misalignments [PDF]

, 2013
This paper aims at studying current-account imbalances by paying a particular attention to exchange-rate misalignments. We rely on a nonlinear model linking the persistence of current-account imbalances to the deviation of the exchange rate to its equilibrium value.
Blaise Gnimassoun, Valérie Mignon
openaire   +1 more source

Pitfalls in Measuring Exchange Rate Misalignment [PDF]

Open Economies Review, 2008
We evaluate whether the Renminbi (RMB) is misaligned, relying upon conventional statistical methods of inference. A framework built around the relationship between relative price and relative output levels is used. We find that, once sampling uncertainty and serial correlation are accounted for, there is little statistical evidence that the RMB is ...
Yin-Wong Cheung, Menzie D. Chinn, Eiji Fujii   +2 more
openaire   +1 more source

Real exchange rate misalignment and economy

Journal of Economic Studies, 2019
PurposeThe purpose of this paper is to examine the impact of real exchange rate misalignment on economy and economic sectors, namely construction, manufacturing and mining and quarrying in Malaysia.Design/methodology/approachThe equilibrium real exchange rate and economic models are estimated using the autoregressive distributed lag approach.FindingsAn
openaire   +1 more source

Exchange Rate Regime, Real Misalignment and Currency Crises

SSRN Electronic Journal, 2009
Abstract Based on 69 sample countries, this paper examines the effect of macroeconomic fundamentals on real effective exchange rates (REER) in these sample countries. Using the misalignment of actual REER from its equilibrium level, we have estimated the factors explaining the extent of currency over- or under-valuation.
Oliver Holtemöller, Sushanta Mallick
openaire   +1 more source

Exchange rate misalignments, growth, and institutions

Empirical Economics
In this paper, we revisit the relationship between economic growth and exchange rate misalignments, especially undervaluations. In particular, we ask which countries benefit from undervaluations at most, and whether the impact of undervaluations on growth depends on institutional quality as suggested in previous literature. First, we separate countries
Jaromír Baxa, Michal Paulus
openaire   +2 more sources

Exchange Rate Misalignment and International Law

American Journal of International Law, 2011
History is replete with examples where states have interfered with foreign exchange markets in order to influence exchange rates. The trade conflicts between the two world wars, for instance, were fought not only via the imposition of tariffs, but also via competitive devaluations. Since then, straightforward competitive devaluations have become a rare
openaire   +1 more source

Exchange rate misalignment under different exchange rate regimes in Nigeria

2017
This study examines the dynamics of naira real exchange rate (RER) during the period 2000Q1 - 2016Q1 as well as the extent to which it deviated from its long run equilibrium path. To achieve this, we adopt the Behavioural Equilibrium Exchange Rate (BEER) model approach and incorporate the effects of an endogenously determined breakpoint in the ...
Essien, Sunday N., Uyaebo, Stephen O. U., Omotosho, Babatunde S.   +2 more
openaire   +1 more source