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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.
Vittorio Grilli, Graciela Kaminsky
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GHANA: EXCHANGE RATE REFORMS AND THE REAL EXCHANGE RATE
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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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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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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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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2007
Abstract The term real exchange rate is used so liberally in the economics literature that one might think that it has a unique unambiguous meaning. In fact it is used both to indicate relative price levels for traded goods in different countries, and also as a theoretical variable that measures the relative price for one country of its ...
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Abstract The term real exchange rate is used so liberally in the economics literature that one might think that it has a unique unambiguous meaning. In fact it is used both to indicate relative price levels for traded goods in different countries, and also as a theoretical variable that measures the relative price for one country of its ...
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Government Purchases and the Real Exchange Rate
Open Economies Review, 2010zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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The real exchange rate in transition economies [PDF]
, 1997 Real exchange rates appear to present a specific behaviour in the early phase of transition: they are largely unaffected by nominal exchange rate movements and exibit trend appreciation. The model presented here describes the transition process as the emergence of two new (traded and non-traded good) sectors and the decline of an inefficient and ...
C Grafe, C Wyplosz
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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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Consumption Dynamics and Real Exchange Rates
SSRN Electronic Journal, 2001The Paper investigates the role of the real exchange rate in relationships between consumption growth rates across countries when financial markets are integrated. The real exchange rate introduces a wedge between real marginal utilities of consumption in different countries and this wedge plays a prominent role in a number of new theories of ...
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