Search Results - subject:"Exchange Rate Misalignment"

Exchange Rate Misalignment and Economic Growth

Dubas, Justin - Volkswirtschaftliche Fakultät, … - 2012

This paper explores how exchange rate misalignment may impact economic growth and development. Using PDOLS estimation …. This paper finds that exchange rate misalignment has asymmetric effects. Specifically, overvaluation significantly hurts …

Persistent link: https://www.econbiz.de/10011240414

Assessing Competitiveness Using Industry Unit Labor Costs; An Application to Slovakia

International Monetary Fund (IMF); International … - 2012

advice. Furthermore, aggregate statistical measures of competitiveness in terms of exchange rate misalignment can be biased … trajectory, which can be related to exchange rate misalignment. Second, it develops a disaggregated statistical approach for …

Persistent link: https://www.econbiz.de/10011242314

Managing Large-Scale Capital Inflows; The Case of the Czech Republic, Poland and Romania

Keller, Leonor; Chowdhury, Ibrahim - International Monetary Fund (IMF) - 2012

Many emerging market economies have in the recent past experienced a surge in capital inflows that may threaten their economic and financial stability. The IMF in early 2011 proposed a framework intended to guide Fund advice to policymakers on how to best respond to such inflows, including both...

Persistent link: https://www.econbiz.de/10011242347

Riding Global Financial Waves; The Economic Impact of Global Financial Shocks on Emerging Market Economies

Adler, Gustavo; Mora, Camilo Ernesto Tovar - International Monetary Fund (IMF) - 2012

Over the past two decades, most emerging market economies witnessed two key developments. A marked process of financial integration with the rest of the world, arguably turning these economies more vulnerable to global financial shocks; and an improvement of macroeconomic fundamentals, helping...

Persistent link: https://www.econbiz.de/10011242368

Beggar-thy-Neighbor Effects of Currency Undervaluation: Is China the Tip of the Iceberg?

Mbaye, Samba - HAL - 2012

This paper examines empirically one of the most popular views in international economics, yet barely tested: undervaluation of the currency is a "beggar-thy-neighbor" policy. It assesses simultaneously the two closely related implications of the beggar-thy-neighbor view: (i) undervaluation of...

Persistent link: https://www.econbiz.de/10010821401

Misalignment Under Different Exchange Rate Regimes: the Case of Turkey

Dagdeviren, Sengül; Ayla Ogu? Binatli; Sohrabji, Niloufer - In: Economie Internationale (2012) 130, pp. 81-98

The paper examines misalignment of the Turkish lira between 1998 and 2011. We first estimate the equilibrium real exchange rate for Turkey, then compute misalignment and finally test for structural breaks in the misalignment series. Through our tests we find three structural regimes. Our results...

Persistent link: https://www.econbiz.de/10010827712

The Relationship Between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa

International Monetary Fund (IMF); International … - 2012

This study examines the relationship between the foreign exchange regime and macroeconomic performance in Eastern Africa. The study focuses on seven countries, five of which decisively liberalized their foreign exchange regimes. The study assesses the relationship between (i) growth and various...

Persistent link: https://www.econbiz.de/10010790391

Beggar-thy-Neighbor Effects of Currency Undervaluation: Is China the Tip of the Iceberg?

MBAYE, Samba - Centre d'Études et de Recherches sur le Développement … - 2012

This paper examines empirically one of the most popular views in international economics, yet barely tested: undervaluation of the currency is a “beggar-thy-neighbor” policy. It assesses simultaneously the two closely related implications of the beggar-thy-neighbor view: (i) undervaluation...

Persistent link: https://www.econbiz.de/10010883833

Optimality of a monetary union : New evidence from exchange rate misalignments in West Africa

Coulibaly, Issiaka; Gnimassoun, Blaise - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2012

This paper aims to study the optimality of a monetary union in West Africa by using a new methodology based on the analysis of convergence and co-movements between exchange rate misalignments. Two main advantages characterize this original framework. First, it brings together the information...

Persistent link: https://www.econbiz.de/10010992386

Does an Undervalued Currency Merit Economic Growth? – Evidence from Taiwan

Yan, Ho-don; Yang, Cheng-lang - In: Panoeconomicus 59 (2012) 1, pp. 37-57

use a vector autoregression (VAR) model to examine the Granger causality between exchange rate misalignment and GDP, by … incorporating export and investment variables. The evidence shows that exchange rate misalignment does Granger cause GDP and it …’s currency by estimating the fundamental equilibrium real exchange rate. Three sub-periods for Taiwan’s currency exchange rate …

Persistent link: https://www.econbiz.de/10009651740