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GHANA: EXCHANGE RATE REFORMS AND THE REAL EXCHANGE RATE
Research Papers in Economics, 1998The dual purpose of the exchange rate (the price of a unit of foreign currency) as a means of allocating scarce foreign currency among competing uses and an important determinant of income distribution through its influence on the returns to those who produce or consume treadables, makes it a prime target as a policy tool, as has been experienced in ...
Asuming-Brempong, Samuel +1 more
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How Real are Real Exchange Rates?
International Economic Journal, 1997This Paper analyzes the role of real disturbances in the real dollar exchange rates of the mark, yen and the pound both during the post-1973 float and in the long-run historical date. The results indicate dominate roles of real shocks in all three exchange rates in the post-1973 float although a substantial portion of short-run variations in the mark ...
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Journal of Banking & Finance, 1990
Abstract This essay concerns the real value of the $U.S. relative to the G-10. (i) What are the dynamics of the fundamental determinants of the real exchange rate and its steady state value? (ii) To what extent are the observed movements in the exchange rate from 1973 to 1988 due to the fundamentals?
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Abstract This essay concerns the real value of the $U.S. relative to the G-10. (i) What are the dynamics of the fundamental determinants of the real exchange rate and its steady state value? (ii) To what extent are the observed movements in the exchange rate from 1973 to 1988 due to the fundamentals?
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On Exchange Rates, Nominal and Real
Journal of International Money and Finance, 1998Abstract The paper first develops an Australian `commodity currency' exchange rate model, which is extended to deal with real exchange rates as well. The nominal and real exchange-rate versions are then tested on Swiss data for the post-Bretton Woods period.
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Capital Controls and the Real Exchange Rate [PDF]
Economica, 1990 Capital import taxes lower (raise) world (home) interest rates. This shifts home expenditure from the present to the future and foreign expenditure from the future to today. With identical home and foreign expenditure patterns, the change in the composition of world expenditure has no effects on demand for any commodity.
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Nominal exchange rate regimes and the real exchange rate
Journal of Monetary Economics, 1991Abstract Two assumptions about the real exchange rate are common in the literature on international finance: (1) the real exchange rate is a random walk, (2) the time series properties of the real exchange rate depend on the nominal exchange rate regime.
Graciela Kaminsky +3 more
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Mean reversion in real exchange rates
Economics Letters, 1994zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Kon S. Lai, Yin-Wong Cheung
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Real exchange rate and exchange rate policy in Hungary
Economics of Transition, 1996AbstractFive real exchange rate indicators are computed to assess the international competitiveness of Hungarian industry. These indicators are explained in econometric equations by employment, unemployment, productivity, interest spread and real producer wage.
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Real Shocks and the Real Exchange Rate
1993The real exchange rate is measured as the relative price of domestic tradables either with respect to foreign tradables or with respect to non-tradables. It can be influenced by monetary and real shocks. Monetary disturbances produce temporary changes in the real exchange rate as an outcome of the asymmetry in the speed of adjustment in the goods and ...
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