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Tuesday, August 4, 2020 | History

2 edition of Determinants of Angola"s parallel market real exchange rate found in the catalog.

Determinants of Angola"s parallel market real exchange rate

E. Gelbard

Determinants of Angola"s parallel market real exchange rate

by E. Gelbard

  • 94 Want to read
  • 6 Currently reading

Published by International Monetary Fund, African Department and Monetary and Exchange Department in [Washington, D.C.] .
Written in English

    Subjects:
  • Foreign exchange -- Angola.,
  • Purchasing power parity -- Angola.,
  • Cointegration -- Angola.,
  • Monetary policy -- Angola.

  • Edition Notes

    Statementprepared by Enrique Gelbard and Jun Nagayasu.
    SeriesIMF working paper -- WP/99/90
    ContributionsNagayasu, Jun., International Monetary Fund. African Dept., International Monetary Fund. Monetary and Exchange Affairs Dept.
    The Physical Object
    Pagination14 p. :
    Number of Pages14
    ID Numbers
    Open LibraryOL18944462M

    Exchange Rate Policy and the Parallel Market for Foreign Currency in Burundi "This paper looks at the functioning of the parallel market and discusses macroeconomic policies in the country to shed light on the context within which the market evolved. Analysis of . monetary variables as the determinants of exchange rate volatility. Second is the Optimum Currency Areas™model (Bayoumi & Eichengreen , De-vereux & Lane ). These studies put emphasis on trade linkages; asym-metry or similarity of economic shocks to output, country size and geo-graphic factors, as the determinants of exchange rate File Size: KB.

    This study seeks to examine the determinants of real exchange rate and its overall performance on Ghanaians economy from to The study extracted secondary data from the World Development Indicators (WDI) of the World Bank and Bank of Ghana (BoG) websites respectively. The following variables, namely trade openness, public debt, inflation, terms of trade, political stability were Author: Mavis Adjei, Bo Yu, Emmanuel Nketiah. Highlights We developed a real exchange rate model for a small-open economy. The model was tested on Canadian data for the period – It was found that the model performs very well in both long and short runs. None of the domestic fiscal variables has any statistically significant impact on the growth of the real exchange rate over the by:

    THE PARALLEL FOREIGN EXCHANGE MARKET AND MACROECONOMIC PERFORMANCE IN ETHIOPIA 3 Table of contents ist of tables Acknowledgements Abstract 1. Introduction 1 2. General background 5 3. The model 18 4. Empirical analysis 21 5. Conclusion 28 Notes 29 References 35 Appendix A: Figures of macroeconomic indicators 39 Appendix B: Basic statistical File Size: KB. Chinn: w A Primer on Real Effective Exchange Rates: Determinants, Overvaluation, Trade Flows and Competitive Devaluation: Wu: Testing for the Fundamental Determinants of the Long-Run Real Exchange Rate: The Case of Taiwan: Branson: w Macroeconomic Determinants of Real Exchange Rates: Edwards: w Real Exchange Rates in the Developing Countries: Concepts .


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Determinants of Angola"s parallel market real exchange rate by E. Gelbard Download PDF EPUB FB2

Determinants of Angola's Parallel Market Real Exchange Rate by Nagayasu Jun The paper estimates Angola's equilibrium parallel market real exchange rate during the period. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

Summary: The paper estimates Angola’s equilibrium parallel market real exchange rate during the –98 : Jun Nagayasu, Enrique A Gelbard. Get this from a library. Determinants of Angola's parallel market real exchange rate. [E Gelbard; Jun Nagayasu; International Monetary Fund.

African Department.; International Monetary Fund. Monetary and Exchange Affairs Department.] -- Describes the theoretical framework, and examines the time-series properties of the data and reports on the testing of the Purchasing Power Parity (PPP.

However, in countries where the real exchange rate is likely to be affected by real factors, PPP becomes a less useful tool, whereas obtaining an estimate of the equilibrium real exchange rate could be beneficial.

This paper conducts an empirical examination of Angola's parallel market real exchange rate during the period. These results contrast with the tenet that the parallel market exchange rate in Angola is solely influenced by monetary developments.

The paper estimates Angola’s equilibrium parallel market real exchange rate during the –98 period. This paper estimates Angola's equilibrium parallel market real exchange rate, during the periodtaking into account possible structural shifts in the data.

Title: Determinants of Angola's Parallel Market Real Exchange Rate - WP/99/90 Created Date: 8/3/ AMAuthor: Jun Nagayasu, Enrique A Gelbard. DETERMINANTS OF ANGOLA’S REAL EXCHANGE RATE and official exchange rates.

In mid, the official exchange rate was allowed to float, leading to virtual unification of the foreign exchange market. Throughout the period, therefore, the parallel market exchange rate. Determinants of the Parallel Market for Foreign Exchange Rate Given the negative link between parallel market premium for foreign exchange and economic prosperity, the issue of parallel market exchange has received a sizable attention from policymakers and researchers, over the last four decades.

In the theory. Hence they are the most followed, analyzed and often manipulated by government. Thus many factors act as foreign exchange rate determinants. To better understand the 5 determinants of foreign exchange rates let us see how trade associations between countries are affected due to changes in the exchange rates.

It begins with a review of literatures on Exchange rate, real exchange rate, determinants of the real exchange rate and provides an updated background on the exchange rate system in Ethiopia. An empirical model linking the real exchange rate to its theoretical determinants is then specified.

Downloadable. This paper attempts to identify the factors that influencing the parallel exchange rate premium in Sudan during the period – In addition, the impact of parallel exchange rate premium on economic performance is examined; focusing on three key macroeconomic indicators namely, economic growth, inflation and exports.

The empirical results show that parallel exchange rate Author: Ebaidalla Mahjoub Ebaidalla. "This book greatly enhances our understanding of the behavior of real exchange rates. It provides an elegant model based on a solid theoretical foundation that links real exchange rates to their fundamental economic determinants and takes proper account of stock and flow by: equilibrium real exchange rate, whereas both real and nominal factors influence the actual real exchange rate in the short run.

The model assumes a small, open economy, which produces and consumes two goods - tradables and nontradables. Importables and exportables are aggregated into one tradable Size: 86KB.

Macroeconomic Determinants of Real Exchange Rates William H. Branson. NBER Working Paper No. Issued in November NBER Program(s):International Trade and Investment, International Finance and Macroeconomics This paper presents a model that integrates money, relative prices, and the current account balance as factors explaining movements in nominal (effective) exchange rates.

This study analyses the main determinants of the real exchange rate and the dynamic adjustment of the real exchange rate following shocks to those determinants using yearly Ethiopian time series data covering the period to It begins with a review of literatures on Exchange rate, real exchange rate, determinants of theFile Size: KB.

The average price of Angola’s Cabinda crude nosedived to an over four-year low of USD per barrel (pb) in March, from USD pb in February, as the. The USDAOA traded at on Friday February Angolan Kwanza - data, forecasts, historical chart - was last updated on February of Trading Economics members can view, download and compare data from nearly countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and.

Journal of Development Economics 29 () North-Holland REAL AND MONETARY DETERMINANTS OF REAL EXCHANGE RATE BEHAVIOR Theory and Evidence from Developing Countries* Sebastian EDWARDS University of California, Los Angeles, CAUSA National Bureau of Economic Research, Cambridge, MAUSA This paper develops a dynamic model of real exchange rate Cited by: Several findings are worth noting.

First, oil prices have indeed played a significant role in determining a time-varying equilibrium real exchange rate path. Second, oil prices are not the only important determinant of the real effective exchange rate: declining productivity is also a key factor.

Third, appreciation pressures are rising. as money supplies, interest rates, real output levels, or the trade balance, which, if well fore-casted, give the forecaster an advantage in pre-dicting the exchange rate.

What is not so well known outside academia is that exchange rates don’t seem to be affected by economic fundamentals in the short run. Being able to predict money supplies File Size: 85KB.The Economic Determinants of the Parallel Currency Premium: Evidence from Select African Countries* Zelealem Yiheyis**1 The imposition of trade restrictions and capital control generates a demand for foreign currency in the parallel market where it is traded normally at a positive premium.

The magnitude of the.The study examines the determinants of real exchange rate in the recent years in Nigeria over the period of to using the Nigerian time series data. Following literature, we identified the potential determinants of real exchange rate as lag of real exchange rate, real interest rate, inflation rate File Size: KB.