Does nominal devaluation precede real devaluation in floating exchange rate regime? : an empirical investigation for Ghana

Mohammad Shahbaz, Mohammad Salahuddin

This paper attempts to examine the link between nominal devaluation and real devaluation with special reference to Ghana. To find this relationship, we have employed some sophisticated tests such as ADF, P-P & Ng-Perron unit root tests; ARDL Bounds Testing, and DOLS test for the long run correlation. The findings of the study suggest that nominal devaluation leads to real devaluation both in the long run and in the short run in the case of Ghana.

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Year of publication:	2009
Authors:	Shahbaz, Mohammad ; Salahuddin, Mohammad
Subject:	Nominal devaluation \| real devaluation \| Inflation \| exchange rate regime \| Ghana \| Abwertung \| Currency devaluation \| Wechselkurssystem \| Exchange rate regime \| Schätzung \| Estimation \| Wechselkurspolitik \| Exchange rate policy \| Kointegration \| Cointegration \| Fester Wechselkurs \| Fixed exchange rate

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Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	hdl:10419/187994 [Handle]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011922703