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Real exchange rates, commodity prices and structural factors in developing countries

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  • Vincent Bodart

    (University of Maastricht)

  • Bertrand Candelon

    (IRES, Université catholique de Louvain)

  • Jean-François Carpantier

    ()
    (CREA, University of Luxembourg)

Abstract

This paper provides new empirical evidence about the relationship that may exist between real exchange rates and commodity prices in developing countries that are specialized in the export of a main primary commodity. It investigates how structural factors like the exchange rate regime, the degree of financial and trade openness, the degree of export concentration and the type of the commodity exports affect the strength of the commod- ity price-real exchange rate dependence.

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File URL: http://wwwfr.uni.lu/content/download/62061/740782/file/2013-09%20-%20Real%20exchanges%20rates,%20commodities%20prices%20and%20structural%20factors%20in%20developing%20countries.pdf
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Bibliographic Info

Paper provided by Center for Research in Economic Analysis, University of Luxembourg in its series CREA Discussion Paper Series with number 13-09.

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Date of creation: 2013
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Handle: RePEc:luc:wpaper:13-09

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Keywords: Real exchange rates; commodity prices; exchange rate regime; financial openness; dynamic panel analysis;

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