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

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
Published in:	Pakistan Journal of Commerce and Social Sciences (PJCSS). - Lahore : Johar Education Society, Pakistan (JESPK), ISSN 2309-8619. - Vol. 3.2009, p. 35-48
Publisher:	Lahore : Johar Education Society, Pakistan (JESPK)
Subject:	Nominal devaluation \| real devaluation \| Inflation \| exchange rate regime \| Ghana

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	103990243X [GVK] hdl:10419/187994 [Handle]
Source:	EconStor

Persistent link: https://www.econbiz.de/10011938252