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Equilibrium Exchange Rate Estimation for Taka – A Co integration Analysis

Author

Listed:
  • Md. Akhtaruzzaman
  • Luthfe Ara Begum

Abstract

This paper is an attempt to know the equilibrium exchange rate of Taka to measure exchange rate misalignment. To estimate the equilibrium real exchange rate we use macroeconomic balance approach, which calculates the real exchange rate that is consistent with internal and external balance. Using Johansen (1995) cointegration method we were able to find a long run equilibrium relationship between exchange rate and fundamentals, which comprises of tot, openness, consgdp, remaid, dsex.

Suggested Citation

  • Md. Akhtaruzzaman & Luthfe Ara Begum, 2015. "Equilibrium Exchange Rate Estimation for Taka – A Co integration Analysis," Working Papers id:7236, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:7236
    Note: Institutional Papers
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