|
|
Real and nominal determinants of real exchange rates in Latin America: short-run dynamics and long-run equilibrium.
- Article from:
-
Journal of Development Studies
- Article date:
-
August 1, 2003
- Author:
-
;
|
Copyright informationCOPYRIGHT 2003 Frank Cass & Company Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
This article analyses the factors that determine the long-run real exchange rate in Argentina, Colombia and Mexico, distinguishing between real and nominal determinants. Cointegration analysis is utilised to establish that the real exchange rate has an equilibrium relationship with real variables (the terms of trade, capital flows, productivity, and government share of GDP) which excludes nominal variables (nominal exchange rate, money) and central bank intervention. Variance decompositions reveal that among the real variables that determine the real exchange rate, the terms of trade and productivity explain much of the variation in the real exchange rates. When nominal variables are ...
Related newspaper, magazine, and journal articles:
|
Exchange Rate Policy in Philippine Development: Analytical Considerations
Research Paper Series (Philippine Institute for Development Studies);
January 1, 2003 ;
700+ words
......fixed typically represent the real exchange rate simply as a ratio of the nominal...traces the movement of the real exchange rate over time, foreign prices cannot...Two policy-induced sources of real exchange rate overvaluation It is in an accounting...
|
|
Sources of real exchange rate movements in Saudi Arabia
Journal of Economics and Finance;
April 1, 2002 ;
700+ words
......investigates the sources of real exchange rate movements in Saudi Arabia by decomposing real exchange rate movements into those attributable...significant role in explaining real exchange rate movements in Saudi Arabia...
|
|
Exchange Rate Policy in Philippine Development: Conclusion
Research Paper Series (Philippine Institute for Development Studies);
January 1, 2003 ;
700+ words
...The real exchange rate is arguably the most important relative...floundered as a consequence of the real exchange rate being heavily overvalued. On the...competitive" real exchange rates. The real exchange rate links the nominal exchange ...
|
|
Monetary and Exchange Rate Policy in Colombia: Effects on the Real...
Journal of Development Studies;
December 1, 2001 ;
700+ words
......the causes and effects of the real exchange rate appreciation in Colombia during...substantial appreciation of the real exchange rate during the 1990s was an important...substantial appreciation of the real exchange rate during the 1990s. This appreciation...
|
|
Real Exchange Rate Determination in Eastern Europe.(Czech Republic;...
Atlantic Economic Journal;
September 1, 2000 ;
700+ words
......therefore, the likelihood of real exchange rate appreciation. Using this framework...the appropriate level of the real exchange rate? What are the costs and impediment...the appropriate level for the real exchange rate in transitional economies...
|
|
Real exchange rate volatility and economic openness: theory and evidence.
Journal of Money, Credit & Banking;
August 1, 2002 ;
700+ words
...ELIMINATING REAL EXCHANGE RATE VOLATILITY represents the foremost...integration and openness related to real exchange rate volatility? Does increasing economic...example, have pointed to large real exchange rate volatility of the DM/dollar rate...
|
|
Properties of the fundamental equilibrium exchange rate in the Treasury...
National Institute Economic Review;
July 1, 1999 ;
700+ words
......with the appreciation of the real exchange rate. Outside of a currency union...that any adjustment of the real exchange rate to an appropriate level will...calculate the value of the real exchange rate for the UK that is compatible...
|
|
Monetary policy, elasticity dynamics, and real exchange rate reversal.
Journal of Money, Credit & Banking;
May 1, 1995 ;
700+ words
...Real exchange rate of volatility in the 1970s focused...sustained but impermanent effects on the real exchange rate, the balance of trade, and other...overshoot: the dollar experienced real exchange rate reversal.(1) To some observers, the...
|
|
THE REAL EXCHANGE RATE PROCESS AND ITS REAL EFFECTS: THE CASES OF MEXICO...
Journal of Applied Economics;
May 1, 2004 ;
700+ words
......factors that may affect the real exchange rate (RER) process and the real...influence the behavior of the real exchange rate. Fixed nominal rates can initially...inappropriate, affecting the real exchange rate and inviting speculative attacks...
|
|
Targeting the real exchange rate in developing countries.
Finance & Development;
March 1, 1993 ;
700+ words
......countries have recently adopted real exchange rate rules as a means of maintaining...An IMF study explains how real exchange rate rules can easily have destabilizing...Most commonly, adoption of a real exchange rate rule in a developing country...
|
|
The long-run behavior of the real exchange rate: a reconsideration.
Journal of Money, Credit & Banking;
February 1, 1992 ;
700+ words
......test of whether or not the real exchange rate is a random walk. The behavior of the real exchange rate is intimately related to the...antithesis of PPP; (1) if the real exchange rate is a random walk, then there...
|
|
The exchange rate for the krone and exchange rate expectations
Norges Bank. Inflation Report;
March 1, 2004 ;
700+ words
......developments in two measures of the real exchange rate, relative consumer prices and...the chart are above zero, the real exchange rate is stronger and competitiveness...average level since 1970. The real exchange rate has fluctuated considerably...
|
|
real exchange rate
A Dictionary of Economics;
112 words
...real exchange rate The rate at which one country's real...unit of foreign currency, is e , the real exchange rate, r , is defined as r = ...sales were at the same price, the real exchange rate would be the same as the terms of...
|
|
Measuring shocks to exchange rate under floating regime.(ECONOMICS...
Journal of Economics and Economic Education Research;
May 1, 2004 ;
700+ words
......caused fluctuations in the real exchange rate. Based upon the results of...and real shocks that affect real exchange rate have become more prevalent...cope with fluctuations in the real exchange rate, especially in the long run...
|
See all results.
Or, try our
Advanced Search.
|