Real and Monetary Determinants of Real Exchange Rate Behavior: Theory and Evidence from Developing Countries

@article{Edwards1988RealAM,
  title={Real and Monetary Determinants of Real Exchange Rate Behavior: Theory and Evidence from Developing Countries},
  author={Sebasti{\'a}n Edwards},
  journal={Monetary Economics},
  year={1988}
}
  • S. Edwards
  • Published 1 September 1988
  • Economics
  • Monetary Economics
Determinants of the Real Exchange Rate: Evidence from Pakistan Economy
Previous studies for Pakistan focused on the domestic drivers of exchange rate (nominal or real) fluctuations. This paper extends the analysis to the role of foreign factors in the determination of
Foreign Capital Inflows, Economic Policies and the Real Exchange Rate in Sub Saharan Africa: Is There an Interaction Effect?
This paper presents a dynamic heterogeneous panel data model in which the reaction of the real exchange rate to external finance includes interactions with the measure of the trade openness, fiscal,
EXCHANGE RATE MISALIGNMENT AND ECONOMIC GROWTH: EVIDENCE FROM PAKISTAN'S RECENT FLOAT
The paper empirically evaluates growth effects of real exchange rate misalignments in Pakistan for the flexible exchange rate period (1983Q1 to 2005Q4). First, real exchange rate misalignment is
A cross-country analysis of the determinants of the real effective exchange rate in fifteen Sub-Saharan African countries
This paper employs an Autoregressive Distributed Lag (ARDL) approach to examine the long-run and short-run determinants of the real effective exchange rate in fifteen Sub-Saharan African (SSA)
Real Exchange Rate Response to Inward Foreign Direct Investment in Liberalized India
The impact of foreign capital inflows in India on the real exchange rate is examined using quarterly data for the period 1994-95Q1 to 2009-10Q4 that is just after the spread of the neo liberal
Real exchange rate and asymmetric shocks in the West African Monetary Zone (WAMZ)
What Determines Real Exchange Rates? Evidence from Asia
This study examines the macroeconomic factors which are affecting to real effective exchange rates (REER) from selected ten countries in Asia. Two panel regression approaches namely fully modified
...
...

References

SHOWING 1-10 OF 30 REFERENCES
Equilibrium and Disequilibrium Exchange Rates
The paper reviews theoretical developments in the field of exchange rate theory and assesses the empirical evidence. Since the empirical evidence does not lend support to the models that have been
Exchange Rate Misalignment In Developing Countries
This article analyzes the theory of equilibrium real exchange rates and defines misalignment as a deviation of the real exchange rate (RER) from its equilibrium level. The role of macroeconomic
The Macroeconomics of Successful Development: What Are the Lessons?
Recent work on development strategy emphasizes export-based approaches in contrast to industrialization based on domestic markets. This paper explores the evidence for the new paradigm from both
Theoretical and policy aspects of dual exchange rate systems
When facing persistent balance of payments problems, some countries have resorted to a dual exchange rate system as an alternative to a uniform exchange rate adjustment. Typically under the dual
Special Exchange Rates for Capital Account Transactions
The exchange rate consistent with high employment and a balanced current account are rarely the same as the rates consistent with asset market equilibrium at interest rates policy makers wish to
Devaluation, Fiscal Deficits, and the Real Exchange Rate
This article examines the use of fiscal policies to sustain the effects of a nominal devaluation on the real exchange rate. It is shown that the magnitude of the change in the real exchange rate
TAXATION OF INTERNATIONAL CAPITAL FLOWS, THE INTERTEMPORAL TERMS OF TRADE AND THE REAL PRICE OF OIL
The question of whether oil importing countries should tax interest payments to Organization of Petroleum Exporting Countries (OPEC) to exploit collective monopoly power in the world capital market
...
...