The real exchange rate determination : An empirical investigation

Wong, Hock Tsen (2011) The real exchange rate determination : An empirical investigation. International Review of Economics and Finance, 20 (4). pp. 800-811. ISSN 1059-0560

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Official URL: http://dx.doi.org/10.1016/j.iref.2011.02.002

Abstract

This study examines the real exchange rate determination in Asian economies. The methods show that the real exchange rate and terms of trade can be jointly determined. Productivity differential, terms of trade, the real oil price, and reserve differential are found to be important in the real exchange rate determination in the long run. However, the significant impacts of those variables on the real exchange rate determination are different across economies. Moreover, the results of the generalised forecast error variance decompositions show that the important contributors of the real exchange rate are different across economies.

Item Type:Article
Uncontrolled Keywords:Cointegration, Real exchange rate, Real oil price, Reserve differential, Terms of trade
Subjects:?? HG3810-4000 ??
Divisions:SCHOOL > School of Business and Economics
ID Code:4919
Deposited By:IR Admin
Deposited On:20 Sep 2012 14:57
Last Modified:16 Feb 2015 11:40

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