Search Results - subject:"Exchange Rate Misalignment"

Keynes, Cocoa, and Copper; In Search of Commodity Currencies

Sahay, Ratna; Céspedes, Luis Felipe; Cashin, Paul - International Monetary Fund (IMF) - 2002

This paper examines whether the real exchange rates of commodity-exporting countries and the real prices of their commodity exports move together over time. Using IMF data on the world prices of 44 commodities and national commodity export shares, we construct new monthly indices of national...

Persistent link: https://www.econbiz.de/10005825719

Exchange Rate Responses to Inflation in Bangladesh

Hossain, Md. Akhtar - International Monetary Fund (IMF) - 2002

This paper investigates the exchange rate responses to inflation in Bangladesh during the period from 1972-73 to 1999. Both annual and monthly data are used in the investigation. The results suggest that past consumer price inflation generally led to currency devaluation, measured as a decline...

Persistent link: https://www.econbiz.de/10005826573

The bias against agriculture in Sub-Saharan Africa : has it survived 20 years of structural adjustment programs?

Thiele, Rainer - 2002

This paper deals with the question of whether the discrimination against agriculture that prevailed in Sub-Saharan Africa until the early 1980s has continued to characterize the region despite the widespread adoption of structural adjustment programs. The evolution of both direct interventions...

Persistent link: https://www.econbiz.de/10011495498

Exchange Policy and Economic Growth: Effect of the Real Effective Exchange Rate Misalignment on the Growtth of Tunisia

Sfaxi, Hend; Redzepagic, Srdjan - In: Economic Analysis 43 (2010), pp. 15-28

specifying an equation of economic growth of Tunisia, it’s showed that the real effective exchange rate misalignment, indicator … of external competitiveness, has negative effect on the economic growth. The fall of real effective exchange rate … misalignment, these last years, then explained partly the stabilization of the growth rate of this country can especially since …

Persistent link: https://www.econbiz.de/10010741993

Is the Chinese Currency Substantially Misaligned to Warrant Further Appreciation?

Qin, Duo; He, Xinhua - School of Economics and Finance, Queen Mary - 2010

This study provides quarterly time-series estimates of the misalignment in the REER of the Renminbi (RMB). The estimation is based on a commonly used economic approach, but with a wider and more up-to-date coverage of data and a more extensive use of econometric modelling techniques. Our...

Persistent link: https://www.econbiz.de/10008480082

A Panel Data Investigation of Real Exchange Rate Misalignment and Growth

Flávio, Vieira; MacDonald, Ronald - Scottish Institute for Research in Economics (SIRE) - 2010

The paper investigates the role of real exchange rate misalignment on long-run growth for a set of ninety countries … this is then used to construct measures of real exchange rate misalignment. We also provide an alternative set of estimates … of real exchange rate misalignment using panel cointegration methods. The variables used in our real exchange rate models …

Persistent link: https://www.econbiz.de/10010553590

The impact of exchange rate misalignment on portfolio inflows in Malaysia

Sidek, Noor Zahirah Mohd; Yusoff, Mohammed B. - In: American Journal of Finance and Accounting 2 (2010) 1, pp. 33-52

The primary reason why exchange rate misalignment is of interest to economists lie with the notional premise that risks … impact of exchange rate misalignment on portfolio inflows in Malaysia. Results show that events of misalignment have a …

Persistent link: https://www.econbiz.de/10008755382

Competitiveness and the Equilibrium Exchange Rate in Costa Rica

Paiva, Claudio - International Monetary Fund (IMF) - 2001

This paper evaluates several indicators of external vulnerability and estimates the equilibrium real exchange rate for Costa Rica. While current indicators are mostly positive, declining market shares of domestic exports, the expected decline in foreign direct investment, and the desirability of...

Persistent link: https://www.econbiz.de/10005826099

Exchange Rate Behaviour in an Oil-Dependent Economy: The Experience of the Sudanese Dinar.

Yol, Marial A. - In: Indian Economic Review 44 (2009) July, pp. 69-88

The objective of this paper is to estimate the extent of exchange rate misalignment in the Sudan over period 1970 …

Persistent link: https://www.econbiz.de/10005078587

Trade and Financial Contagion in Currency Crises

Salgado, Ranil; Ricci, Luca Antonio; Caramazza, Francesco - International Monetary Fund (IMF) - 2000

This paper investigates empirically the relevance of external, domestic, and financial weaknesses as well as trade and financial linkages in inducing financial crises for a sample of 61 emerging market and industrial countries. A panel probit estimation finds these economic indicators to be...

Persistent link: https://www.econbiz.de/10005769104