Long-Run Determinants of the Real Exchange Rate : A Stock-Flow Perspective /

This paper examines the long-run determinants of the real exchange rate from a stock-flow perspective. The empirical analysis estimates a long-run relationship between the real exchange rate, net foreign assets and other factors affecting trade flows. Using postwar data for the United States and Jap...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Faruqee, Hamid
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 1994.
Sarja:IMF Working Papers; Working Paper ; No. 1994/090
Linkit:Full text available on IMF
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100 1 |a Faruqee, Hamid. 
245 1 0 |a Long-Run Determinants of the Real Exchange Rate :   |b A Stock-Flow Perspective /  |c Hamid Faruqee. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1994. 
300 |a 1 online resource (40 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 examines the long-run determinants of the real exchange rate from a stock-flow perspective. The empirical analysis estimates a long-run relationship between the real exchange rate, net foreign assets and other factors affecting trade flows. Using postwar data for the United States and Japan, cointegration analysis supports the finding that the structural factors underlying each country's net trade and net foreign asset positions determine the long-run path for the real value of the dollar and the yen. The empirical analysis also provides estimates for the underlying stochastic trend in each real exchange rate series. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1994/090 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1994/090/001.1994.issue-090-en.xml  |z IMF e-Library