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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Tác giả chính: Nagayasu, Jun
Tác giả khác: Gelbard, Enrique
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 1999.
Loạt:IMF Working Papers; Working Paper ; No. 1999/090
Truy cập trực tuyến:Full text available on IMF
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245 1 0 |a Determinants of Angola's Parallel Market Real Exchange Rate /  |c Jun Nagayasu, Enrique Gelbard. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1999. 
300 |a 1 online resource (14 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Gelbard, Enrique. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1999/090 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1999/090/001.1999.issue-090-en.xml  |z IMF e-Library