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Exchange Rate Regimes and the Real Exchange Rate [PDF]
Journal of Economic Integration, 1995 It is well established now that the (nominal) exchange rate regime has important implications for the behavior of real exchange rates. Two key stylized facts in this regard are that real exchange rate variability is greater under flexible exchange rates than under fixed exchange rates and that real and nominal exchange rate movements are positively ...
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Capital flows, exchange rate flexibility, and the real exchange rate
Journal of Macroeconomics, 2011 This paper analyzes the impact of capital inflows and exchange rate flexibility on the real exchange rate in developing countries based on panel cointegration techniques. The results show that public and private flows are associated with a real exchange rate appreciation.
Jean-Louis Combes +2 more
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The Real Exchange Rate Under Alternative Nominal Exchange Rate Regimes [PDF]
Journal of Economic Integration, 1990 The real exchange rate measures the relative price of goods while the nominal exchange rate stands for the relative price of currencies. The most comprehensive definition of the real exchange rate is represented by the ratio of the foreign to the domestic price level, both expressed in terms of the domestic currency.
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Determining Real Exchange Rates [PDF]
The Pakistan Development Review, 1995 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.
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Real exchange rates and real interest rates : a nonlinear perspective [PDF]
Recherches économiques de Louvain, 2006 SummaryIn this paper we use a Threshold AutoRegressive (TAR) model to capture the nonlinear dynamics of monthly real effective exchange rate data for the G7 countries. The novelty of our approach relates to the use of the real interest differential as the switching variable. This choice allows us to consider jointly the nonlinearity and nonstationarity
Bec, Frédérique +2 more
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Tanzania's Equilibrium Real Exchange Rate
IMF Working Papers, 2008 Tanzania's real effective exchange rate (REER) has depreciated sharply since end-2000, reversing the appreciation that took place in the second half of the 1990s. Single-country and panel data estimates, and the external sustainability approach, suggest that Tanzania's REER is currently modestly undervalued relative to its estimated equilibrium level ...
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Are Asian real exchange rates stationary? [PDF]
Economics Letters, 2004 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Liew, Venus Khim-Sen +2 more
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What Determines European Real Exchange Rates? [PDF]
SSRN Electronic Journal, 2010 We study a newly constructed panel data set of relative prices of a large number of consumer goods among 31 European countries. We find that there is a substantial and non-diminishing deviation from PPP at all levels of aggregation, even among eurozone members. However, real exchange rates are very closely tied to relative GDP per capita within Europe,
Berka, Martin, Devereux, Michael B.
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Deforestation and the real exchange rate [PDF]
Journal of Development Economics, 2008 Deforestation is a phenomenon that has largely been concentrated in the developing world. We construct a theoretical model of deforestation that focuses on the factors affecting the incentives to transform forested land into agricultural land. We show that: (i) lower discount rates and stronger institutions decrease deforestation; (ii) depreciations in
Jean-Louis ARCAND +2 more
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Forecasting real exchange rates
Journal of International Money and Finance, 1998 Abstract Considerable evidence supports the view that real exchange rates do not have unit roots but rather show mean reversion. This is the first paper to present systematic results on if and how this mean reversion is useful for forecasting real rates.
Akhtar Siddique, Richard J Sweeney
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