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

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

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Article provided by Elsevier in its journal International Review of Economics & Finance.

Volume (Year): 17 (2008)
Issue (Month): 4 (October)
Pages: 644-670

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Handle: RePEc:eee:reveco:v:17:y:2008:i:4:p:644-670
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  1. 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.
  2. 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.
  3. Amelia U. Santos-Paulino, 2000. "Trade Liberalisation and Export Performance in Selected Developing Countries," Studies in Economics 0012, School of Economics, University of Kent.
  4. Vaubel, Roland, 1976. "Real exchange-rate changes in the European Community: The empirical evidence and its implications for European currency unification," Kiel Working Papers 39, Kiel Institute for the World Economy.
  5. Joyce, J.P. & Kamas, L., 1997. "Real and Nominal Determinants of Real Exchange Rates in Latin America: Short-Run Dynamics and Long-Run Equilibrium," Papers 97-05, Wellesley College - Department of Economics.
  6. 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, 06.
  7. Mohsen Bahmani-Oskooee & Artatrana Ratha, 2004. "The J-Curve: a literature review," Applied Economics, Taylor & Francis Journals, vol. 36(13), pages 1377-1398.
  8. 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.
  9. 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.
  10. 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.
  11. 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.
  12. 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.
  13. Mohsen Bahmani-Oskooee & Maharouf Oyolola, 2007. "Export growth and output growth: An application of bounds testing approach," Journal of Economics and Finance, Springer, vol. 31(1), pages 1-11, March.
  14. 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.
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