Hidden Bibliographic Details
| Other authors / contributors: | Ricci, Luca Antonio, author.
International Monetary Fund. African Department.
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| ISBN: | 1281602477
9781281602473
1451893582
9781451893588
1462385354
9781462385355
1452769451
9781452769455
9786613783165
6613783161
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| Notes: | Includes bibliographical references (pages 22-23).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Based on the Johansen cointegration estimation methodology, much of the long-run behavior of the real effective exchange rate of South Africa can be explained by real interest rate differentials, GDP per capita (both relative to trading partners), real commodity prices, trade openness, the fiscal balance, and the extent of net foreign assets. On the basis of these fundamentals, the real exchange rate in early 2002 was found to be significantly more depreciated with respect to the estimated equilibrium level. The half-life of the deviation of the real exchange rate from the estimated equilibrium one was found to be somewhat more than two years.
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| Other form: | Print version: MacDonald, Ronald. Estimation of the equilibrium real exchange rate for South Africa. [Washington, D.C.] : International Monetary Fund, ©2003
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| Standard no.: | 10.5089/9781451893588.001
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