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|z 9781451859591
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|a 1018-5941
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|c BD-DhAAL
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|a Khan, Mohsin.
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|a Real Exchange Rates In Developing Countries :
|b Are Balassa-Samuelson Effects Present? /
|c Mohsin Khan, Ehsan Choudhri.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2004.
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|a 1 online resource (22 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a There is little empirical research on whether Balassa-Samuelson effects can explain the long-run behavior of real exchange rates in developing countries. This paper presents new evidence on this issue based on a panel data sample of 16 developing countries. The paper finds that the traded-nontraded productivity differential is a significant determinant of the relative price of nontraded goods, and the relative price in turn exerts a significant effect on the real exchange rate. The terms of trade also influence the real exchange rate. These results provide strong verification of Balassa-Samuelson effects for developing countries.
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|a Mode of access: Internet
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|a Choudhri, Ehsan.
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|a IMF Working Papers; Working Paper ;
|v No. 2004/188
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2004/188/001.2004.issue-188-en.xml
|z IMF e-Library
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