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Do nominal devaluations lead to real devaluations? Evidence from 89 countries

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  • Bahmani-Oskooee, Mohsen
  • Hegerty, Scott W.
  • Kutan, Ali M.

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  • Bahmani-Oskooee, Mohsen & Hegerty, Scott W. & Kutan, Ali M., 2008. "Do nominal devaluations lead to real devaluations? Evidence from 89 countries," International Review of Economics & Finance, Elsevier, vol. 17(4), pages 644-670, October.
  • Handle: RePEc:eee:reveco:v:17:y:2008:i:4:p:644-670
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    References listed on IDEAS

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    1. A. U. Santos-Paulino, 2002. "Trade Liberalisation and Export Performance in Selected Developing Countries," Journal of Development Studies, Taylor & Francis Journals, vol. 39(1), pages 140-164.
    2. M Bahmani-Oskooee & I Miteza, 2003. "Are Devaluations Expansionary or Contractionary? A survey article," Economic Issues Journal Articles, Economic Issues, vol. 8(2), pages 1-28, September.
    3. Stockman, Alan C., 1988. "Real exchange-rate variability under pegged and floating nominal exchange-rate systems: An equilibrium theory," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 29(1), pages 259-294, January.
    4. Joseph Joyce & Linda Kamas, 2003. "Real and nominal determinants of real exchange rates in Latin America: Short-run dynamics and long-run equilibrium," Journal of Development Studies, Taylor & Francis Journals, vol. 39(6), pages 155-182.
    5. L. Kamas, 2001. "Monetary and Exchange Rate Policy in Colombia: Effects on the Real Exchange Rate in the 1990s," Journal of Development Studies, Taylor & Francis Journals, vol. 38(2), pages 131-166.
    6. Josef Brada & Ali Kutan & Su Zhou, 1997. "The exchange rate and the balance of trade: The Turkish experience," Journal of Development Studies, Taylor & Francis Journals, vol. 33(5), pages 675-692.
    7. Roland Vaubel, 1976. "Real exchange-rate changes in the European community: The empirical evidence and its implications for European currency unification," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 112(3), pages 429-470, September.
    8. Mohsen Bahmani-Oskooee & Artatrana Ratha, 2004. "The J-Curve: a literature review," Applied Economics, Taylor & Francis Journals, vol. 36(13), pages 1377-1398.
    9. M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
    10. Bahmani-Oskooee, Mohsen & Miteza, Ilir, 2002. "Do nominal devaluations lead to real devaluations in LDCs?," Economics Letters, Elsevier, vol. 74(3), pages 385-391, February.
    11. Mark J. Holmes, 2004. "Can African Countries Achieve Long-Run Real Exchange Rate Depreciation Through Nominal Exchange Rate Depreciation?," South African Journal of Economics, Economic Society of South Africa, vol. 72(2), pages 305-323, June.
    12. Mohsen Bahmani-Oskooee & Abera Gelan, 2007. "On the Relation between Nominal Devaluation and Real Devaluation: Evidence from African Countries," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 16(2), pages 177-197, March.
    13. Mohsen Bahmani-Oskooee & Zohre Ardalani, 2006. "Exchange Rate Sensitivity of U.S. Trade Flows: Evidence from Industry Data," Southern Economic Journal, Southern Economic Association, vol. 72(3), pages 542-559, January.
    14. Mohsen Bahmani-Oskooee & Maharouf Oyolola, 2007. "Export growth and output growth: An application of bounds testing approach," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 31(1), pages 1-11, March.
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    Cited by:

    1. Koji Kubo, 2013. "Real exchange rate appreciation, resource boom, and policy reform in Myanmar," Asian-Pacific Economic Literature, Asia Pacific School of Economics and Government, The Australian National University, vol. 27(1), pages 110-126, May.
    2. Melesse, Wondemhunegn Ezezew, 2011. "The Dynamics between Real Exchange Rate Movements and Trends in Trade Performance: The Case of Ethiopia," MPRA Paper 29316, University Library of Munich, Germany.
    3. Agnese, Pablo, 2011. "The Japanese Lost Decade and Beyond: A Chain Reaction Theory Approach," IZA Discussion Papers 5463, Institute for the Study of Labor (IZA).
    4. Melesse, Wondemhunegn Ezezew, 2011. "The Dynamics between Real Exchange Rate Movements and Trends in Trade Performance: The Case of Ethiopia," MPRA Paper 29161, University Library of Munich, Germany.
    5. Agnese, Pablo & Sala, Hector, 2009. "The fading 1990s in Japan: Driving forces behind the unemployment upsurge," International Review of Economics & Finance, Elsevier, vol. 18(3), pages 428-439, June.
    6. Bahmani-Oskooee Mohsen & Hegerty Scott W. & Xu Jia, 2012. "Exchange-Rate Volatility and Industry Trade Between Japan and China," Global Economy Journal, De Gruyter, vol. 12(3), pages 1-21, September.
    7. repec:pal:easeco:v:43:y:2017:i:4:d:10.1057_eej.2015.45 is not listed on IDEAS
    8. Jeffrey A. Frankel, 2017. "Systematic Managed Floating," NBER Working Papers 23663, National Bureau of Economic Research, Inc.

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