The real exchange rate of an oil exporting economy: Empirical evidence from Nigeria [PDF]
In this study the long-run relationship between real oil price, real effective exchange rate and productivity differentials is examined using annual data for Nigeria over the period 1980 to 2010.
Hassan Suleiman, Zahid Muhammad
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Structural Breaks in the Real Exchange Rate and Real Interest Rate Relationship [PDF]
In this paper we empirically examine the relationship between the real exchange rate and real interest rate differentials using recent econometric methods robust to potential structural breaks.
Joseph P. Byrne, Jun Nagayasu
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Capital Flows and their Impact on the Real Effective Exchange Rate [PDF]
This paper analyzes the impact of capital inflows and the exchange rate regime on the real effective exchange rate. A wide range of developing countries (42 countries) is considered with estimation based on panel cointegration techniques.
Jean-Louis Combes +2 more
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Long Run Determinants of Real Exchange Rates in Latin America [PDF]
This paper investigates the long run behavior of real exchange rates in nineteen countries of Latin America over the period 1970 - 2006. Our data does not support the Purchasing Power Parity (PPP) hypothesis, implying that real shocks tend to have ...
Jorge Carrera, Romain Restout
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External Stability, Real Exchange Rate Adjustment and the Exchange Rate Regime in Emerging-Market Economies [PDF]
In emerging-market economies, real exchange rate adjustment is critical for maintaining a sustainable current account position and thereby for helping to reduce macroeconomic and financial instability.
Lawrence Schembri +2 more
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The Real Exchange Rate and Economic Growth: Revisiting the Case Using External Instruments
Social Science Research Network, 2016 M. Habib, E. Mileva, Livio Stracca
semanticscholar +1 more source
The Real Exchange Rate and Fiscal Policy During the Gold Standard PeriodEvidence from the United States and Great Britain [PDF]
We study the determinants of the dollar/pound real exchange rate from 1879 to 1914 focusing on the role of fiscal policy. We present a simple dynamic model of the real exchange rate to frame our analysis.
Graciela L. Kaminsky, Michael Klein
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Implications of real exchange rate misalignment in developing countries: theory, empirical evidence and application to growth performance in Zimbabwe [PDF]
The influence of exchange rate signals in an economy is very powerful and often pervasive. Moreover, sustained real exchange rate overvaluation, will, by distorting resource allocation away from productive activities, eventually lead to drastic ...
Ndlela, Thandinkosi
core +1 more source
Expenditure switching vs. real exchange rate stabilization: competing objectives for exchange rate policy [PDF]
This paper develops a view of exchange rate policy as a trade-off between the desire to smooth fluctuations in real exchange rates so as to reduce distortions in consumption allocations, and the need to allow flexibility in the nominal exchange rate so ...
Devereux, Michael B., Engel, Charles
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The Real Exchange Rate, the Ghanaian Trade Balance, and the J-curve
, 2017 B. N. Iyke, Sin‐Yu Ho
semanticscholar +1 more source