Estimation of a Behavioral Equilibrium Exchange Rate Model for Ghana /

The paper estimates a behavioral equilibrium exchange rate model for Ghana. Regression results show that most of the REER's long-run behavior can be explained by real GDP growth, real interest rate differentials (both relative to trading-partner countries), and the real world prices of Ghana�...

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Tác giả chính: Loukoianova, Elena
Tác giả khác: Iossifov, Plamen
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2007.
Loạt:IMF Working Papers; Working Paper ; No. 2007/155
Truy cập trực tuyến:Full text available on IMF
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245 1 0 |a Estimation of a Behavioral Equilibrium Exchange Rate Model for Ghana /  |c Elena Loukoianova, Plamen Iossifov. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2007. 
300 |a 1 online resource (21 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 a behavioral equilibrium exchange rate model for Ghana. Regression results show that most of the REER's long-run behavior can be explained by real GDP growth, real interest rate differentials (both relative to trading-partner countries), and the real world prices of Ghana's main export commodities. On the basis of these fundamentals, the REER in late 2006 was found to be very close to its estimated equilibrium level. The results also suggest, that deviations from the equilibrium path are eliminated within two to three years. 
538 |a Mode of access: Internet 
700 1 |a Iossifov, Plamen. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2007/155 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2007/155/001.2007.issue-155-en.xml  |z IMF e-Library