Eita, J. H.; Sichei, Moses M. - Department of Economics, Faculty of Economic and … - 2006
This paper estimates the equilibrium real exchange rate and the resulting real exchange rate misalignment in Namibia … during the period 1970 to 2004. The equilibrium real exchange rate is determined by trade and exchange restrictions (openness … exchange rate to appreciate. The real exchange rate was overvalued for almost the entire estimation period. It reached its …