Estimation of the Equilibrium Real Exchange Rate for Malawi /

This paper computes Malawi's equilibrium real exchange rate as a function of its fundamentals as derived from economic theory. It finds evidence in favor of the equilibrium approach to exchange rate determination, with several variables (particularly government consumption and real per capita g...

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書目詳細資料
主要作者: Mathisen, Johan
格式: 雜誌
語言:English
出版: Washington, D.C. : International Monetary Fund, 2003.
叢編:IMF Working Papers; Working Paper ; No. 2003/104
在線閱讀:Full text available on IMF
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245 1 0 |a Estimation of the Equilibrium Real Exchange Rate for Malawi /  |c Johan Mathisen. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2003. 
300 |a 1 online resource (25 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 This paper computes Malawi's equilibrium real exchange rate as a function of its fundamentals as derived from economic theory. It finds evidence in favor of the equilibrium approach to exchange rate determination, with several variables (particularly government consumption and real per capita growth) found to drive movements in the time-varying equilibrium real exchange rate. The results also indicate that following a shock there is a rapid reversion of the real exchange rate to its time-varying equilibrium, with a half-life of reversion of about 11 months. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2003/104 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2003/104/001.2003.issue-104-en.xml  |z IMF e-Library