IDEAS home Printed from https://ideas.repec.org/a/mes/emfitr/v51y2015i4p842-855.html
   My bibliography  Save this article

Determinants of the Real Exchange Rate in Oil-Producing Countries of the Middle East and North Africa: A Panel Data Investigation

Author

Listed:
  • Karim Eslamloueyan
  • Amir Kia

Abstract

We develop and estimate a model of the real exchange rate for oil-producing countries in the Middle East and North Africa (MENA) for the period 1985–2009. We find that over the long run, money supply, domestic real gross domestic product (GDP), government expenditure, oil price, and the U.S. externally financed debt per GDP influence the real exchange rate. Over the short run, the changes in domestic real GDP, money supply, government expenditure, domestic and U.S. interest rates, as well as the U.S. debt per GDP, are the determinants of the real exchange rate in these countries.

Suggested Citation

  • Karim Eslamloueyan & Amir Kia, 2015. "Determinants of the Real Exchange Rate in Oil-Producing Countries of the Middle East and North Africa: A Panel Data Investigation," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 51(4), pages 842-855, July.
    • Handle: RePEc:mes:emfitr:v:51:y:2015:i:4:p:842-855
    DOI: 10.1080/1540496X.2015.1043213
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1540496X.2015.1043213
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1540496X.2015.1043213?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Li, Kaifeng & Devpura, Neluka & Cheng, Sijia, 2022. "How did the oil price affect Japanese yen and other currencies? Fresh insights from the COVID-19 pandemic," Pacific-Basin Finance Journal, Elsevier, vol. 75(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:emfitr:v:51:y:2015:i:4:p:842-855. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MREE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.