Determinants of Angola's Parallel Market Real Exchange Rate /
The paper estimates Angola's equilibrium parallel market real exchange rate during the 1992-98 period. Using standard integration/co-integration techniques, the results fail to support the purchasing power parity hypothesis and indicate that two exogenous variables-the price of oil and the fore...
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| Beste egile batzuk: | |
| Formatua: | Aldizkaria |
| Hizkuntza: | English |
| Argitaratua: |
Washington, D.C. :
International Monetary Fund,
1999.
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| Saila: | IMF Working Papers; Working Paper ;
No. 1999/090 |
| Sarrera elektronikoa: | Full text available on IMF |
| Gaia: | The paper estimates Angola's equilibrium parallel market real exchange rate during the 1992-98 period. Using standard integration/co-integration techniques, the results fail to support the purchasing power parity hypothesis and indicate that two exogenous variables-the price of oil and the foreign interest rate-are able to explain most of the variation in the real exchange rate during the last seven years. These results contrast with the tenet that the parallel market exchange rate in Angola is solely influenced by monetary developments. |
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| Alearen deskribapena: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Deskribapen fisikoa: | 1 online resource (14 pages) |
| Formatua: | Mode of access: Internet |
| ISSN: | 1018-5941 |
| Sartu: | Electronic access restricted to authorized BRAC University faculty, staff and students |