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Exchange Rate Misalignment Estimates – Sources of Differences [PDF]
SSRN Electronic Journal, 2011 We study the differences in currency misalignment estimates obtained from alternative datasets derived from two International Comparison Program (ICP) surveys. A decomposition exercise reveals that the year 2005 misalignment estimates are substantially affected by the ICP price revision.
Yin-Wong Cheung, Eiji Fujii
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The Impact of Currency Misalignment on Trade Balance of Emerging Market Economies
Organizations and Markets in Emerging Economies, 2021 This study is an attempt to examine the impact of currency misalignment on the trade balance of emerging market economies from 1980 through 2016. It firstly measures the equilibrium RER and corresponding misalignment series of 21 EMEs separately adopting
Abdullahil Mamun +2 more
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Real exchange rate misalignment and redistribution [PDF]
European Economic Review, 1997 Abstract Developing countries frequently maintain an overvalued nominal exchange rate, resulting in real exchange rate misalignment. To finance import demand at the overvalued exchange rate, countries have to raise the level of income taxation or they have to resort to monetary finance.
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Sustained Exchange Rate Misalignment and Economic Development
, 2022 Employing propensity score reweighting and event-based strategies, we provide evidence that sustained real exchange rate (RER) misalignments have significant effects on economic development: positive on GDP per capita and capital stock in the case of undervaluation, and negative on the capital stock in the case of overvaluation.
Martins, Guilherme Klein, Razmi, Arslan
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Current equilibrium exchange rate in Colombia (2000-2020)
Brazilian Journal of Political Economy, 2022 Using estimations by Bresser-Pereira et al. (2021), this paper analyses the misalignment between the real exchange rate and the current account equilibrium exchange rate in Colombia in the last two decades (2000-2020).
GONZALO HERNÁNDEZ
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Taxa real de câmbio, desalinhamento cambial e crescimento econômico no Brasil (1994-2007)
Brazilian Journal of Political Economy, 2011 Real exchange rate, exchange rate misalignment and economic growth in Brazil: 1994-2007. In this article we argue that the Brazilian economy presented in the period 1994-2007 a tendency of real exchange rate appreciation with respect to its equilibrium ...
José Luis Oreiro +3 more
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Financial development and real exchange rate misalignments effects on environmental pollution
Frontiers in Environmental Science, 2022 The research examined the influence of the fundamental exchange rate misalignment and Least Developed Countries (LDCs) in Asia and Africa’s financial development on CO2 emissions in Asian countries using panel data from 1970 to 2021.
Lin Xiao +4 more
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Assessing Real Exchange Rate Misalignments [PDF]
, 2011 There is a renewed debate on the role of exchange rate policies as an industrial policy tool in both academic and policy circles. Policy practitioners usually examine real exchange rate misalignments to monitor the behavior of this key relative price and, if possible, exploit distortions in the traded and non-traded relative price to promote growth ...
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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 Misalignment in Azerbaijan [PDF]
SSRN Electronic Journal, 2009 By using quarterly data from 2001-2007 and applying various approaches, we estimate real equilibrium exchange rate misalignment for Azerbaijani Manat (AZN) and find that AZN is slightly overvalued. Purchasing power parity approach does not explain the equilibrium exchange rate. However using behavioral and permanent equilibrium exchange rate approaches,
Hasanov, Fakhri, Huseynov, Fariz
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