The misalignment of real effective exchange rate: Evidence from Tunisia
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Sebastian Edwards & Raul Susmel, 2000. "Interest Rate Volatility and Contagion in Emerging Markets: Evidence from the 1990s," NBER Working Papers 7813, National Bureau of Economic Research, Inc.
- Shuang Ding & Omar Al Shehabi, 2008. "Estimating Equilibrium Exchange Rates for Armenia and Georgia," IMF Working Papers 2008/110, International Monetary Fund.
- Kenneth Rogoff, 1996. "The Purchasing Power Parity Puzzle," Journal of Economic Literature, American Economic Association, vol. 34(2), pages 647-668, June.
- Campa, Jose Manuel, 2002. "Exchange Rate Misalignment: Concepts and Measurement for Developing Countries, Lawrence Hinkle and Peter Montiel (eds.), World Bank, 1999," Journal of International Economics, Elsevier, vol. 57(1), pages 257-260, June.
- Sebastian Edwards, 2000.
"Capital Flows, Real Exchange Rates, and Capital Controls: Some Latin American Experiences,"
NBER Chapters, in: Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies, pages 197-246,
National Bureau of Economic Research, Inc.
- Sebastian Edwards, 1998. "Capital Flows, Real Exchange Rates, and Capital Controls: Some Latin American Experiences," NBER Working Papers 6800, National Bureau of Economic Research, Inc.
- Balázs Égert & László Halpern & Ronald MacDonald, 2006.
"Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues,"
Journal of Economic Surveys, Wiley Blackwell, vol. 20(2), pages 257-324, April.
- Halpern, László & Égert, Balázs & MacDonald, Ronald, 2004. "Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues," CEPR Discussion Papers 4809, C.E.P.R. Discussion Papers.
- Balázs Égert & László Halpern & Ronald MacDonald, 2005. "Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues," Working Papers 106, Oesterreichische Nationalbank (Austrian Central Bank).
- Bal??zs ??gert, & L??szl?? Halpern & Ronald MacDonald, 2005. "Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues," William Davidson Institute Working Papers Series wp793, William Davidson Institute at the University of Michigan.
- Sebastian Edwards, 1988. "Conclusion and Bibliography of Real Exchange Rates, Devaluation and Adjustment: Exchange Rate Policy In Developing Countries," UCLA Economics Working Papers 516, UCLA Department of Economics.
- Michael Fidora & Claire Giordano & Martin Schmitz, 2021.
"Real Exchange Rate Misalignments in the Euro Area,"
Open Economies Review, Springer, vol. 32(1), pages 71-107, February.
- Fidora, Michael & Giordano, Claire & Schmitz, Martin, 2017. "Real exchange rate misalignments in the euro area," Working Paper Series 2108, European Central Bank.
- Michael Fidora & Claire Giordano & Martin Schmitz, 2018. "Real exchange rate misalignments in the euro area," Temi di discussione (Economic working papers) 1162, Bank of Italy, Economic Research and International Relations Area.
- Sven W. Arndt & J. David Richardson, 1987. "Real-Financial Linkages Among Open Economies," NBER Working Papers 2230, National Bureau of Economic Research, Inc.
- Francisco Maeso–Fernandez & Chiara Osbat & Bernd Schnatz, 2002.
"Determinants of the Euro Real Effective Exchange Rate: A BEER/PEER Approach,"
Australian Economic Papers, Wiley Blackwell, vol. 41(4), pages 437-461, December.
- Francisco Maeso-Fernandez & Chiara Osbat & Bernd Schnatz, 2001. "Determinants of the euro real effective exchange rate: a BEER/PEER approach," International Finance 0111003, University Library of Munich, Germany.
- Maeso-Fernandez, Francisco & Osbat, Chiara & Schnatz, Bernd, 2001. "Determinants of the euro real effective exchange rate: a BEER/PEER approach," Working Paper Series 85, European Central Bank.
- Sebastian Edwards, 1989.
"Structural Adjustment Policies in Highly Indebted Countries,"
NBER Chapters, in: Developing Country Debt and the World Economy, pages 249-262,
National Bureau of Economic Research, Inc.
- Sebastian Edwards, 1989. "Structural Adjustment Policies in Highly Indebted Countries," NBER Chapters, in: Developing Country Debt and Economic Performance, Volume 1: The International Financial System, pages 159-208, National Bureau of Economic Research, Inc.
- Sebastian Edwards, 1987. "Structural Adjustment Policies in Highly Indebted Countries," UCLA Economics Working Papers 453, UCLA Department of Economics.
- Sebastian Edwards, 1988. "Structural Adjustment Policies in Highly Indebted Countries," NBER Working Papers 2502, National Bureau of Economic Research, Inc.
- Mr. Ronald MacDonald & Mr. Peter B. Clark, 1998. "Exchange Rates and Economic Fundamentals: A Methodological Comparison of BEERs and FEERs," IMF Working Papers 1998/067, International Monetary Fund.
- Ms. Elena Loukoianova & Mr. Plamen K Iossifov, 2007. "Estimation of a Behavioral Equilibrium Exchange Rate Model for Ghana," IMF Working Papers 2007/155, International Monetary Fund.
- Edwards, Sebastian, 2001. "Dollarization: Myths and realities," Journal of Policy Modeling, Elsevier, vol. 23(3), pages 249-265, April.
- Sebastian Edwards, 1999.
"How Effective Are Capital Controls?,"
Journal of Economic Perspectives, American Economic Association, vol. 13(4), pages 65-84, Fall.
- Sebastian Edwards, 1999. "How Effective are Capital Controls?," NBER Working Papers 7413, National Bureau of Economic Research, Inc.
- Hsieh, David A., 1982. "The determination of the real exchange rate : The productivity approach," Journal of International Economics, Elsevier, vol. 12(3-4), pages 355-362, May.
- Ilan Goldfajn & Rodrigo O. Valdés, 1999.
"The Aftermath of Appreciations,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(1), pages 229-262.
- Ilan Goldfajn & Rodrigo O. Valdes, 1996. "The Aftermath of Appreciations," NBER Working Papers 5650, National Bureau of Economic Research, Inc.
- Ilan Goldfajn & Rodrigo Valdés, 1997. "The Aftermath of Appreciations," Working Papers Central Bank of Chile 02, Central Bank of Chile.
- International Monetary Fund, 1984. "Exchange Rate Volatility and World Trade," IMF Occasional Papers 1984/005, International Monetary Fund.
- John Williamson, 1996. "Crawling Band as an Exchange Rate Regime: Lessons from Chile, Colombia and Israel, The," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 14, April.
- Shehu Usman Rano, Aliyu, 2007.
"Real Exchange Rate Misalignment: An Application of Behavioral Equilibrium Exchange Rate (BEER) to Nigeria,"
MPRA Paper
10376, University Library of Munich, Germany.
- Shehu Usman Rano, Aliyu, 2008. "Real Exchange Rate Misalignment: An Application of Behavioral Equilibrium Exchange Rate (BEER) to Nigeria," MPRA Paper 10343, University Library of Munich, Germany.
- Balassa, Bela, 1975. "Reforming the system of incentives in developing countries," World Development, Elsevier, vol. 3(6), pages 365-382, June.
- Mr. Ronald MacDonald & Mr. Luca A Ricci, 2003. "Estimation of the Equilibrium Real Exchange Rate for South Africa," IMF Working Papers 2003/044, International Monetary Fund.
- John Williamson, 2009.
"Exchange Rate Economics,"
Open Economies Review, Springer, vol. 20(1), pages 123-146, February.
- John Williamson, 2008. "Exchange Rate Economics," World Bank Publications - Books, The World Bank Group, number 28039.
- John Williamson, 2008. "Exchange Rate Economics," Working Paper Series WP08-3, Peterson Institute for International Economics.
- Zouhaier Hadhek & Hniya Sakli & Tahar Lassoued, 2019. "The Variability of the Tunisian Real Exchange Rate," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 11(1), pages 115-128, January.
- John Williamson, 1994. "Estimating Equilibrium Exchange Rates," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 17, April.
- Vera Thorstensen & Emerson Marçal & Lucas Ferraz, 2014. "Trade rules and exchange rate misalignments: in search for a WTO solution," Brazilian Journal of Political Economy, Center of Political Economy, vol. 34(3), pages 370-395.
- Fatma Marrakchi Charfi, 2008. "Equilibrium real exchange rate and misalignments : Lessons from a VAR-ECM model applied to Tunisia," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 55(4), pages 439-464, December.
- Mr. Steven A. Symansky & Mr. Peter B. Clark & Mr. Leonardo Bartolini & Mr. Tamim Bayoumi, 1994. "Exchange Rates and Economic Fundamentals: A Framework for Analysis," IMF Occasional Papers 1994/001, International Monetary Fund.
- Ronald MacDonald & Cezary Wojcik, 2008. "Productivity, Demand, and Regulated Price Effects Revisited: An Analysis of the Real Bilateral Exchange Rates of Four New EU Member States," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 44(3), pages 48-65, May.
- Williamson, John, 1982. "A survey of the literature on the optimal peg," Journal of Development Economics, Elsevier, vol. 11(1), pages 39-61, August.
- Bela Balassa, 1964. "The Purchasing-Power Parity Doctrine: A Reappraisal," Journal of Political Economy, University of Chicago Press, vol. 72(6), pages 584-584.
- Hend Sfaxi Benahji, 2008. "Choice of the Exchange Policies in the Developments Countries: Study of the Competitiveness of Tunisia," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 55(3), pages 353-367, September.
- Zhang, Zhichao, 2001. "Real Exchange Rate Misalignment in China: An Empirical Investigation," Journal of Comparative Economics, Elsevier, vol. 29(1), pages 80-94, March.
- Lembke B., 1918. "√ a. p," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 111(1), pages 709-712, February.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Amor, Thouraya Hadj & Nouira, Ridha & Rault, Christophe & Sova, Anamaria Diana, 2023.
"Real exchange rate misalignments and economic growth in Tunisia: New evidence from a threshold analysis of asymmetric adjustments,"
The Quarterly Review of Economics and Finance, Elsevier, vol. 88(C), pages 215-227.
- Thouraya Hadj Amor & Ridha Nouira & Christophe Rault & Anamaria Diana Sova, 2023. "Real exchange rate misalignments and economic growth in Tunisia: New evidence from a threshold analysis of asymmetric adjustments," Post-Print hal-04214698, HAL.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Shehu Usman Rano, Aliyu, 2007.
"Real Exchange Rate Misalignment: An Application of Behavioral Equilibrium Exchange Rate (BEER) to Nigeria,"
MPRA Paper
10376, University Library of Munich, Germany.
- Shehu Usman Rano, Aliyu, 2008. "Real Exchange Rate Misalignment: An Application of Behavioral Equilibrium Exchange Rate (BEER) to Nigeria," MPRA Paper 10343, University Library of Munich, Germany.
- Michael Fidora & Claire Giordano & Martin Schmitz, 2021.
"Real Exchange Rate Misalignments in the Euro Area,"
Open Economies Review, Springer, vol. 32(1), pages 71-107, February.
- Fidora, Michael & Giordano, Claire & Schmitz, Martin, 2017. "Real exchange rate misalignments in the euro area," Working Paper Series 2108, European Central Bank.
- Michael Fidora & Claire Giordano & Martin Schmitz, 2018. "Real exchange rate misalignments in the euro area," Temi di discussione (Economic working papers) 1162, Bank of Italy, Economic Research and International Relations Area.
- Andrea Salazar-Díaz & Aarón Levi Garavito-Acosta & Sergio Restrepo Ángel & Leidy Viviana Arcila-Agudelo, 2023.
"Real Equilibrium Exchange Rate in Colombia: Thousands of VEC Models Approach,"
Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 99, pages 33-78, July-Dece.
- Andrea Salazar-Díaz & Aarón Levi Garavito-Acosta & Sergio Restrepo-Ángel & Leidy Viviana Arcila-Agudelo, 2022. "Real Equilibrium Exchange Rate in Colombia: Thousands of VEC Models Approach," Borradores de Economia 1221, Banco de la Republica de Colombia.
- Virginie Coudert & Cécile Couharde, 2009.
"Currency Misalignments and Exchange Rate Regimes in Emerging and Developing Countries,"
Review of International Economics, Wiley Blackwell, vol. 17(1), pages 121-136, February.
- Virginie Coudert & Cécile Couharde, 2008. "Currency Misalignments and Exchange Rate Regimes in Emerging and Developing Countries," Working Papers 2008-07, CEPII research center.
- Claire Giordano, 2021.
"How frequent a BEER? Assessing the impact of data frequency on real exchange rate misalignment estimation,"
Scottish Journal of Political Economy, Scottish Economic Society, vol. 68(3), pages 365-404, July.
- Claire Giordano, 2019. "How frequent a BEER? Assessing the impact of data frequency on real exchange rate misalignment estimation," Questioni di Economia e Finanza (Occasional Papers) 522, Bank of Italy, Economic Research and International Relations Area.
- Rimgailaite, Ramune, 2012. "Exchange rate modelling for Lithuania and Switzerland," MPRA Paper 43451, University Library of Munich, Germany.
- Kimolo, Deogratius & Mrema, Stanislaus, 2019. "Real Exchange Rate Misalignments in Tanzania," MPRA Paper 114672, University Library of Munich, Germany.
- Sosunov, K. & Ushakov, N., 2009.
"Determination of the Real Exchange Rate of the Ruble and Assessment of Long-Run Policy of Real Exchange Rate Targeting,"
Journal of the New Economic Association, New Economic Association, issue 3-4, pages 97-121.
- Sossounov, Kirill & Ushakov, Nikolay, 2009. "Determination of the real exchange rate of rouble and assessment of long-rum policy of real exchange rate targeting," MPRA Paper 18549, University Library of Munich, Germany.
- Zhang, Zhibai, 2010. "A comparison of the BEER and Penn effect models via their applications on the valuation of the Renminbi," MPRA Paper 40649, University Library of Munich, Germany.
- Khaled Chnaina & Farid Makhlouf, 2015.
"Impact des Transferts de Fonds sur le Taux de Change Réel Effectif en Tunisie,"
African Development Review, African Development Bank, vol. 27(2), pages 145-160, June.
- Khaled Chnaina & Farid Makhlouf, 2012. "Impact des Transferts de Fonds sur le Taux de Change Réel Effectif en Tunisie," Working papers of CATT hal-01885155, HAL.
- Khaled Chnaina & Farid Makhlouf, 2012. "Impact des Transferts de Fonds sur le Taux de Change Réel Effectif en Tunisie," Working Papers hal-01885155, HAL.
- Jinzhao Chen, 2009.
"Beyond Cheap Talks: Assessing the Undervaluation of the Chinese Currency Between 1994 and 2007,"
Economie Internationale, CEPII research center, issue 119, pages 47-82.
- Jinzhao Chen, 2009. "Beyond Cheap Talks: Assessing the Undervaluation of the Chinese Currency between 1994 and 2007," Post-Print hal-03722246, HAL.
- Amor, Thouraya Hadj & Nouira, Ridha & Rault, Christophe & Sova, Anamaria Diana, 2023.
"Real exchange rate misalignments and economic growth in Tunisia: New evidence from a threshold analysis of asymmetric adjustments,"
The Quarterly Review of Economics and Finance, Elsevier, vol. 88(C), pages 215-227.
- Thouraya Hadj Amor & Ridha Nouira & Christophe Rault & Anamaria Diana Sova, 2023. "Real exchange rate misalignments and economic growth in Tunisia: New evidence from a threshold analysis of asymmetric adjustments," Post-Print hal-04214698, HAL.
- García Solanes José, 2008. "Real Exchange Rate Appreciation in Central and Eastern European Countries. Why the Balassa-Samuelson Effect Does Not Explain the Whole Story," Working Papers 2010100, Fundacion BBVA / BBVA Foundation.
- Andrea Saayman, 2007. "The Real Equilibrium South African Rand/US Dollar Exchange Rate: A Comparison of Alternative Measures," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 13(2), pages 183-199, May.
- repec:kap:iaecre:v:13:y:2007:i:2:p:183-199 is not listed on IDEAS
- Oliver Hossfeld, 2010. "Equilibrium Real Effective Exchange Rates and Real Exchange Rate Misalignments: Time Series vs. Panel Estimates," Working Papers 2010.3, International Network for Economic Research - INFER.
- García Solanes, José & Torrejón-Flores, Fernando, 2009.
"The Balassa-Samuelson Hypothesis in Developed Countries and Emerging Market Economies: Different Outcomes Explained,"
Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 3, pages 1-24.
- García Solanes, José & Torrejón-Flores, Fernando, 2008. "The Balassa-Samuelson Hypothesis in Developed Countries and Emerging Market Economies: Different Outcomes Explained," Economics Discussion Papers 2008-14, Kiel Institute for the World Economy (IfW Kiel).
- Zhang, Zhibai, 2010. "Understanding the behavioral equilibrium exchange rate model via its application to the valuation of Chinese renminbi," MPRA Paper 40648, University Library of Munich, Germany.
- Coppola,Andrea & Lagerborg,Andresa & Mustafaoglu,Zafer, 2016. "Estimating an equilibrium exchange rate for the Argentine Peso," Policy Research Working Paper Series 7682, The World Bank.
- Reza Siregar, 2011.
"The Concepts of Equilibrium Exchange Rate: A Survey of Literature,"
Staff Papers,
South East Asian Central Banks (SEACEN) Research and Training Centre, number sp81, April.
- Siregar, Reza, 2011. "The Concepts of Equilibrium Exchange Rate: A Survey of Literature," MPRA Paper 28987, University Library of Munich, Germany.
- Jesús Ferreyra & Jorge Salas, 2006. "The Equilibrium Real Exchange Rate in Peru: BEER Models and Confidence Band Building," Working Papers 2006-006, Banco Central de Reserva del Perú.
More about this item
Keywords
Equilibrium exchange rate; Misalignment; BEER approach; Error correction model;All these keywords.
JEL classification:
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
- F31 - International Economics - - International Finance - - - Foreign Exchange
- O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ARA-2021-04-12 (MENA - Middle East and North Africa)
- NEP-MON-2021-04-12 (Monetary Economics)
Statistics
Access and download statisticsCorrections
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:gii:giihei:heidwp04-2021. 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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Dorina Dobre (email available below). General contact details of provider: https://edirc.repec.org/data/ieheich.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.