real effective exchange rates
Real effective exchange rates comovements and the South African currency
... the real effective exchange rates. The real effective exchange rates of Iran, Argentina and Angola have the highest ranges between their maximum and minimum values ...
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Global and country-specific factors in real effective exchange rates
... country-specific elements, and are generally invariant even if a different sample period and country coverage become research targets. Since this is the first attempt to decompose real effective ...
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Equilibrium Real Effective Exchange Rates and Real Exchange Rate Misalignments: Time Series vs. Panel Estimates
... first and second generation panel unit root tests, which will then be applied – together with simple univariate unit root tests for each of the countries individually – to examine the order of integration of the involved ...
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Commonality and Heterogeneity in Real Effective Exchange Rates: Evidence from Advanced and Developing Countries
... in real effective exchange rates, which are considered a measure of external competitiveness, we de- compose their movements into global and country-specific factors using the Bayesian factor ...
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Co-movements in Real Effective Exchange Rates : Evidence From the Dynamic Hierarchical Factor Model
... that exchange rates are believed to be highly correlated among countries, we calculate co-movements in real effective exchange rates using the recently developed data ...
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Currency Baskets and Real Effective Exchange Rates
... The third term sums the change in the numeraire's real exchange rate against all countries other than the home country, including the numeraire (country N), again using demand prices for[r] ...
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Real effective exchange rates for 178 countries: A new database
... floating exchange rate regimes which introduced various policy measures during the global financial and economic crisis in order to limit the appreciation of their currencies, or even to achieve exchange ...
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Interdependence in Real Effective Exchange Rates: Evidence from the Dynamic Hierarchical Factor Model
... that exchange rates are believed to be highly correlated among countries, we calculate the interdependence of real e¤ective exchange rates using the recently de- veloped data ...
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Analyzing dynamics and forecasting real effective exchange rates for BRICS countries (1994–2016)
... One BRICS strategy was to carry out transactions in national currencies for com- panies involved in intensive export-import operations. In 2010–2014, bilateral trade be- tween Russia and China increased by 50 % to $88 ...
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A Primer on Real Effective Exchange Rates: Determinants, Overvaluation, Trade Flows and Competitive Devaluation
... the exchange rate from the theoretical realm to that of the real ...The exchange rate is the key relative price in international finance; the rapid pace of internationalization in goods and asset ...
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The impact of the strong euro on the real effective exchange rates of the two Francophone African CFA Zones
... trade-weighted real effective exchange rate (REER) indexed series from January 1999 to December ...bilateral exchange rate and conservative monetary policies in the two zones, resulting in a ...
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The Eurozone’s Equilibrium Real Exchange Rates
... equilibrium real exchange rate is the one of the key concepts in the macroeconomic and policy ...the real exchange rate misalignments are per- ceived to be the causes of the loss of a ...
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Effective Real Exchange Rates and Irrelevant Nominal Exchange-rate Regimes
... floating exchange-rate regimes. First, a country’s effective RER typically has lower variance than most of its component bilateral ...fixed exchange-rate regime of the Bretton Woods system may differ ...
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The effective exchange rates of the euro
... Competitiveness changes vis-à-vis central and eastern Europe, which carries a weight of 11% in the index, are the most striking in the regional picture, especially the seemingly strong increase in the euro area’s ...
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Structural Change, Trade and Real Exchange Rates
... UK’s Real Effective Exchange Rate, adjusted Relative Vertically Integrated Unit Labour Costs and Adjusted PPP Source: WIOD (Timmer ...and rates of change, a crucial decision to be made was the ...
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Persistent Real Exchange Rates
... the real exchange ...the real exchange rate to revert to its long run equilibrium level in the …rst period that prices are free to ...the real exchange rate is markedly di¤erent ...
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Democratization and real exchange rates
... favorable exchange rates to support its export-led growth ...‘unfair’ exchange rates exercise a direct impact on trade, as it can be seen as an export subsidy or import tariff that provides ...
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Household heterogeneity and real exchange rates
... Typical incomplete markets models in international economics make two assumptions. First, house- holds are not able to fully insure themselves against country-specific shocks. Second, there is a representative household ...
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Macroeconomic Determinants of Real Exchange Rates
... The value of the exchange rate at one point in time, t(O), given income, the domestic price level, and other real variables, may yield a nonzero balance on current account.. With flexibl[r] ...
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Exchange rates real and monetary factors
... A neutral monetary disturbance alters no relative prices; any change in domestic prices must be accompanied by offsetting changes in the exchange rate so as to preserve the equilibriu[r] ...
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