Commodity currencies and the real exchange rate
AbstractThis paper shows that a change in the terms of trade of a commodity-exporting country could cause the relative price of nontraded goods to rise or fall, depending on the strength of income and substitution effects.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 101 (2008)
Issue (Month): 1 (October)
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Web page: http://www.elsevier.com/locate/ecolet
F11 F31 Real exchange rate Terms of trade Nontraded goods Models;
Find related papers by JEL classification:
- F11 - International Economics - - Trade - - - Neoclassical Models of Trade
- F31 - International Economics - - International Finance - - - Foreign Exchange
- Rea - Urban, Rural, Regional, Real Estate, and Transportation Economics - - - - -
- exc - - - - - -
- rat - - - - - -
- Ter - - - - - -
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- tra - - - - - -
- Non - Economic History - - - - -
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- Mod - Business Administration and Business Economics; Marketing; Accounting - - - - -
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Chen, Yu-chin & Rogoff, Kenneth, 2003. "Commodity currencies," Journal of International Economics, Elsevier, vol. 60(1), pages 133-160, May.
- Sebastian Edwards & Sweder van Wijnbergen, 1989.
"Tariffs, the Real Exchange Rate and the Terms of Trade: On Two Popular Propositions in International Economics,"
NBER Working Papers
2365, National Bureau of Economic Research, Inc.
- Edwards, Sebastian & van Wijnbergen, Sweder, 1987. "Tariffs, The Real Exchange Rate and the Terms of Trade: On Two Popular Propositions in International Economics," Oxford Economic Papers, Oxford University Press, vol. 39(3), pages 458-64, September.
- Neary, Peter, 1988.
"Determinants of the Equilibrium Real Exchange Rate,"
American Economic Review,
American Economic Association, vol. 78(1), pages 210-15, March.
- Neary, J Peter, 1987. "Determinants of the Equilibrium Real Exchange Rate," CEPR Discussion Papers 209, C.E.P.R. Discussion Papers.
- Cashin, Paul & Cespedes, Luis F. & Sahay, Ratna, 2004.
"Commodity currencies and the real exchange rate,"
Journal of Development Economics,
Elsevier, vol. 75(1), pages 239-268, October.
- Virginie Coudert & Cécile Couharde & Valérie Mignon, 2014.
"On the impact of oil price volatility on the real exchange rate–terms of trade nexus: Revisiting commodity currencies,"
EconomiX Working Papers
2014-3, University of Paris West - Nanterre la Défense, EconomiX.
- Virginie Coudert & Cécile Couharde & Valérie Mignon, 2013. "On the Impact of Oil Price Volatility on the Real Exchange Rate - Terms of Trade Nexus : Revisiting Commodity Currencies," Working Papers 2013-40, CEPII research center.
- Buetzer, Sascha & Habib, Maurizio Michael & Stracca, Livio, 2012. "Global exchange rate configurations: Do oil shocks matter?," Working Paper Series 1442, European Central Bank.
- Emilio Pineda & Paul Cashin & Yan Sun, 2009. "Assessing Exchange Rate Competitiveness in the Eastern Caribbean Currency Union," IMF Working Papers 09/78, International Monetary Fund.
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