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equilibrium exchange rate

Publication

Equilibrium Exchange Rates and Misalignments: The Case of Homogenous Emerging Market Economies

Christian K. Tipoy, Marthinus C. Breitenbach & Mulatu F. Zerihun
We compute the exchange rate misalignment for a set of emerging economies between 1980 and 2013 using the behavioural equilibrium exchange rate definition. The real equilibrium exchange rate is constructed using a parsimonious model and estimators that are robust to cross-sectional independence and...
Oct 2017
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Publication

The behaviour of the real effective exchange rate of South Africa: is there a misalignment?

Melvin M Khomo and Meshach J Aziakpono
The paper uses Behavioural Equilibrium Exchange Rate methodology to estimate the equilibrium real effective exchange rate of the rand and to establish whether the observed exchange rate is misaligned with this level. The exchange rate’s misalignment behaviour is further explored using a regime...
Oct 2016
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