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Nicolas Moumni,Salma Dasser
Pág. 132 - 140
The purpose of this study is to identify the Moroccan dirham misalignment phases over the period 1998T1-2017T4, related to an estimated equilibrium exchange rate, using an ad hoc Behavioral Equilibrium Exchange Rate (BBER) econometric model. The overvalu...
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Cecilia Bermúdez, Carlos Dabús
Pág. 5 - 28
This paper explores the real exchange rate (RER)-economic growth relationshipfor a wide sample of countries over the period 1960-2009. After removing influentialobservations, the system-GMM estimates suggest a positive link between anundervalued RER and ...
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Jauhari Dahalan,Mohammed Umar,Hussin Abdullah
Pág. 1665 - 1676
To evaluate the existence of possible over and under valuation of exchange rate for Malaysia, the study examines the nature of misalignment in the equilibrium real exchange rate and its systemic and structural changes in the fundamentals. We account for ...
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Abdulkadir Abdulrashid Rafindadi
Pág. 716 - 731
Several pioneering studies have established that the period of exchange rate misalignment is characterized by currency appreciation and depreciation. These studies conclusively assert that if currency overvaluation occurs beyond a minimum threshold it ca...
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Luis Beccaria, Roxana Maurizio
This document analyzes the interactions between macroeconomic regimes, employment generation and the dynamics of labor incomes in Argentina under two different macroeconomic regimes: the currency board regime of the 1990s and the high real exchange rate ...
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Joel Hinaunye Eita, Moses Muse Sichei
This paper estimates the equilibrium real exchange rate for Namibia for the post independence period (1998 to 2012) using quarterly data. Increases in the ratio of investment to GDP and resource balance are associated with an appreciation of the real exc...
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Abdessalem Gouidar,Ridha Nouira
Pág. 784 - 800
This paper contributes to a current and intense debate among economists concerning the impact that real exchange rate misalignment can have on FDI. To identify the degree of misalignment, a model of Edwards in Panel will be estimated for a sample of 52 d...
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Joong Shik Kang,Alessandro Prati,Alessandro Rebucci
Pág. 26
The available evidence on the effects of aid on growth is notoriously mixed. We use a novel empirical methodology, a heterogeneous panel vector-autoregression model identified through factor analysis, to study the dynamic response of exports, imports, an...
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