The demand for money and the real exchange rate misalignments in ...

The results indicate that the RER misalignments have a significant impact on domestic money demand. When the currencies are overvalued, there is ...

Uz Akdogan, Idil; (2022) The demand for money and the real exchange rate misalignments in emerging European countries: A nonlinear approach. Bulletin of ...

The demand for money and the real exchange rate misalignments in ...

The results indicate that the RER misalignments have a significant impact on domestic money demand. When the currencies are overvalued, there is a reduction in ...

Introduction to "Misalignment of Exchange Rates"

private domestic demand. This crowding out occurred through higher real interest rates and an appreciating real exchange rate for the dollar. The resulting ...

Exchange Rate Misalignment in Developing Countries 2 in

One important exchange rate issue is whether a country's real exchange rate is out of line with respect to its long-run equilibrium level.

Real exchange rate misalignment and redistribution - ScienceDirect

Developing countries frequently maintain an overvalued nominal exchange rate, resulting in real exchange rate misalignment. To finance import demand at the ...

Real exchange rate misalignments in the euro area

Second, capital is immobile across countries so that demand for foreign currency only arises to pay for imported goods (see Berka, Devereux and Engel, 2012 for ...

Real exchange rate misalignments and economic performance for ...

[1] On the opposite, in case of real exchange rate undervaluation, competitiveness is reinforced, which stimulates investment and exports, the current account ...

Real Exchange Rate Misalignments and Currency Crises in the ...

Those deviations were bolstered by substantial acceleration of inflation in non-tradable sector coupled with fixed exchange rates, albeit some ...

The asymmetric impact of real exchange rate misalignment on ...

Indeed, persistent exchange rate misalignments can cause economic instability and hinder economic growth in developing countries. Cottani et al. (1990) outlined ...

Is real exchange rate misalignment a leading indicator of currency ...

However, contrary to the expectations of the new policy, the demand for foreign exchange consistently outstripped its supply as the CBN remained the principal ...

Exchange Rate Misalignments and Crises - ifo Institut

The convergence of the foreign debt/GDP is our intertemporal budget constraint. To summarize: The monetary/PPP approach assumes that the equilibrium real.

Real exchange rate misalignments; misalignment over time (%). Note

The results indicate that the RER misalignments have a significant impact on domestic money demand. When the currencies are overvalued, there is a reduction in ...

Real Exchange Rate Misalignment and Business Cycle Fluctuations ...

Many studies have shown that RER misalignment, particularly RER overvaluation, is associated with lower levels of growth, as it directly reduces the demand for ...

Real Exchange Rates: What Money Can Buy

This failure is striking given that the exchange rate is a central price in economics and that there is a measure potentially capable of delivering the answer ...

Estimating the Half-Life of Theoretically Founded Real Exchange ...

The equilibrium real exchange rate is derived from a theoretical model with intertemporal external equilibrium and internal equilibrium (in traded and non- ...

Money demand, real effective exchange rates, and uncertainty

The last paper assesses how exchange rate regime choice affects the degree and persistence of real effective exchange rate misalignments, ...

Economic growth and real exchange rate misalignments in the ...

Abstract We investigate the relationship between economic growth and real exchange rate (RER) misalignments within the European Union (EU) ...

How Equilibrium Exchange Rate Misalignments Influence on ...

The determination of the equilibrium real exchange rate is one of the most important issues in open economy since the policymakers are concerned about ...

Demand Imbalances, Exchange Rate Misalignment and Monetary ...

The contribution of this paper is to study real exchange rate misalignments arising from this dual role in incomplete markets economies.3 This class of ...