Results 11 to 20 of about 2,433,644 (137)
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.
Huizinga, H.P.
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Large Devaluations and the Real Exchange Rate [PDF]
Journal of Political Economy, 2005 In this paper we argue that the primary force behind the large drop in real exchange rates that occurs after large devaluations is the slow adjustment in the prices of nontradable goods and services. Our empirical analysis uses data from five large devaluation episodes: Argentina (2002), Brazil (1999), Korea (1997), Mexico (1994), and Thailand (1997 ...
Ariel Burstein +2 more
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Roads and the Real Exchange Rate [PDF]
SSRN Electronic Journal, 2013 This paper argues that a country’s internal transport infrastructure is a key determinant of its rea exchange rate (RER). Improvements in its infrastracture (e.g., construction of roads and railways) tend to increase competition among …rms selling in the country, inducing a decline in local prices. As a result, the RER declines.
Qingyuan Du, Shang-Jin Wei, Peichu Xie
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Real Exchange Rates and the Earnings of Immigrants
SSRN Electronic Journal, 2023 Abstract We relate origin-destination real price differences to immigrants’ reservation wages and their career trajectories, exploiting administrative data from Germany and the 2004 enlargement of the European Union. We find that immigrants who enter Germany when a unit of earnings from Germany allows for larger consumption at home ...
Dustmann, Christian +2 more
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China’s real exchange rate [PDF]
, 2007 International pressure to revalue China’s currency stems in part from the expectation that rapid economic growth should be associated with a real exchange rate appreciation. This hinges on the Balassa-Samuelson hypothesis under which economic growth, stemming from improvements in traded sector productivity, causes non-traded prices to rise.
Golley, Jane, Tyers, Rod
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The real exchange rate and economic development [PDF]
Structural Change and Economic Dynamics, 2012 Recent empirical studies have found a robust correlation between competitive exchange rates and economic growth in developing economies. This paper presents (i) a formal model to help explain these findings and (ii) econometric evidence on the relation between investment and the real exchange rate.
Razmi, Arslan +2 more
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Understanding European Real Exchange Rates [PDF]
American Economic Review, 2005 We study good-by-good deviations from the Law-of-One-Price (LOP) for over 1,800 retail goods and services between all European Union (EU) countries for the years 1975, 1980, 1985, and 1990. We find that for each of these years, after we control for differences in income and value-added tax (VAT) rates, there are roughly as many overpriced goods as ...
Crucini, Mario J. +5 more
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Determining Real Exchange Rates [PDF]
The Pakistan Development Review, 2022 The paper re-examines the determinants of the real exchange rate equation, and suggests alternative determinants where appropriate, as well as improvements in proxies from those conventionally used. The paper emphasises the weaknesses of the multicountry approach to empirical study of the real exchange rate. While real exchange rates are determined for
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The impact of real exchange rates on real stock prices
Journal of Economics Finance and Administrative Science, 2022 PurposeThe study examines the impact of real exchange rates and asymmetric real exchange rates on real stock prices in Malaysia, the Philippines, Singapore, Korea, Japan, the United Kingdom (UK), Germany, Hong Kong and Indonesia.Design/methodology ...
H. Wong
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The Real Exchange Rate, Innovation, and Productivity [PDF]
Journal of the European Economic Association, 2018 AbstractWe build a dynamic heterogeneous-firm model in which real depreciations raise export demand and the cost of importing intermediates, and also affect borrowing constraints and the profitability of engaging in research and development (R&D).
Alfaro, Laura +3 more
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