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Real effective exchange rate misalignment in Nigeria
2016The study analyzed the relationship between relevant macroeconomic variables and the real effective exchange rate (REER) in Nigeria based on the Behavioural Equilibrium Exchange Rate (BEER) approach. An Autoregressive Distributed Lag (ARDL) model was estimated to obtain the equilibrium REER while the resultant levels of misalignment were computed for ...
Nwachukwu, Ngozi E. +4 more
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The effects of real exchange rate misalignment and real exchange volatility on exports [PDF]
, 2011 This paper uses panel data cointegration techniques to study the impacts of real exchange rate misalignment and real exchange rate volatility on total exports for a panel of 42 developing countries from 1975 to 2004. The results show that both real exchange rate misalignment and real exchange rate volatility affect negatively exports.
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Working Paper 166 - Misalignment of Real Effective Exchange Rates: When Should the Franc CFA be Devalued Again? [PDF]
, 2013 The main objective of this article is to test the basis of the rumours that have been circulating since late 2011 about the devaluation of the Franc CFA (CFAF). We have used the analyticial framework pioneered by Combes and Plane (2007) and Couharde et al (2011) to calculate the real effective exchange rate and the percentage of the misalignment of the
Sosthène Ulrich GNANSOUNOU +1 more
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2010
This study documents a quantitative analysis of exchange rate volatilities and misalignment in Uzbekistan for the period of 1994q3–2005q2. The results suggest that the real exchange rate volatility and misalignment have depressing effects on the volume of trade, mainly exports in Uzbekistan.
Rosa Capolupo, Lars Jonung
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This study documents a quantitative analysis of exchange rate volatilities and misalignment in Uzbekistan for the period of 1994q3–2005q2. The results suggest that the real exchange rate volatility and misalignment have depressing effects on the volume of trade, mainly exports in Uzbekistan.
Rosa Capolupo, Lars Jonung
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Economic Analysis, 2010
The collapse of the system of Bretton Woods pushed Tunisia adopted various policies of exchange to avoid imbalances of the balance of payments. Since, this country aimed to maintain or to improve its external competitiveness in order to balance its current account through the promotion of exports, this contribute to start again the economic growth.
Hend Sfaxi, Srdjan Redzepagic
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The collapse of the system of Bretton Woods pushed Tunisia adopted various policies of exchange to avoid imbalances of the balance of payments. Since, this country aimed to maintain or to improve its external competitiveness in order to balance its current account through the promotion of exports, this contribute to start again the economic growth.
Hend Sfaxi, Srdjan Redzepagic
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Equilibrium Real Effective Exchange Rates and Real Exchange Rate Misalignments: Time Series vs. Panel Estimates [PDF]
, 2010 We follow the behavioral equilibrium exchange rate approach by Clark and MacDonald (1998) to derive equilibrium real effective exchange rates and currency misalignments for the US and its 16 major trading partners. We apply cointegration and panel cointegration techniques to derive fully countryspecific measures of misalignment and measures based on ...
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The misalignment of the Algerian dinar's real effective exchange rate
This paper analyzes exchange rate misalignments in Algeria from 1980 to 2020 using the behavioral BEER method. We investigate the real effective exchange rate (REER) and its cointegration with key economic indicators in Algeria. By considering Algeria's level of commercial openness, we identify periods of misalignment and examine their causes and ...Abderrahim, Hasni, Khaled, Azzaoui
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Journal of International Economics, 1986
We construct an open economy disequilibrium model to assess the welfare effects of aid in different macroeconomic regimes. Aid is shown to have different effects in different unemployment regimes because it increases the social costs of wage-price rigidities in the classical regime but decreases them in the Keynesian unemployment regime.
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We construct an open economy disequilibrium model to assess the welfare effects of aid in different macroeconomic regimes. Aid is shown to have different effects in different unemployment regimes because it increases the social costs of wage-price rigidities in the classical regime but decreases them in the Keynesian unemployment regime.
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FUNDAMENAL DETERMINANTS OF VIETNAM’S EQUILIBRIUM REAL EFFECTIVE EXCHANGE RATE AND ITS MISALIGNMENT
2012This research tries to find the degree of misalignment of VND by estimating short run and long run equilibrium effective real effective exchange rate (EREER) of VND. By using Engle-Granger (1987) two-step cointegration approach, we identify that trade openness, government expenditure, domestic credit and net foreign assets are important determinants of
Ha Thi Thieu Dao, Pham Thi Tuyet Trinh
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2011
The main aim of this contribution is to study the link between the real exchange rate misalignment and the economic growth and to show the empirical proof from the case of Cameroon. An emerging country in which the exchange rate was devalued in order to deal with the major macroeconomic imbalances that have affected the country during the 1980 decade ...
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The main aim of this contribution is to study the link between the real exchange rate misalignment and the economic growth and to show the empirical proof from the case of Cameroon. An emerging country in which the exchange rate was devalued in order to deal with the major macroeconomic imbalances that have affected the country during the 1980 decade ...
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