Estimation of a behavioral equilibrium exchange rate model for Ghana /

Estimation of a behavioral equilibrium exchange rate model for Ghana /

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Bibliographic Details
Author / Creator:	Iossifov, Plamen, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, African Dept. and Monetary and Capital Markets Dept., ©2007.
Description:	1 online resource (21 pages) : illustrations
Language:	English
Series:	IMF working paper ; WP/07/155 IMF working paper ; WP/07/155.
Subject:	Foreign exchange rates -- Ghana -- Econometric models. Competition -- Ghana -- Econometric models. Competition -- Econometric models. Economic history. Foreign exchange rates -- Econometric models. Ghana -- Economic conditions -- Econometric models. Ghana.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12497646

Hidden Bibliographic Details
Other authors / contributors:	Loukoianova, Elena, author. International Monetary Fund. African Department. International Monetary Fund. Monetary and Capital Markets Department.
ISBN:	128351544X 9781283515443
Notes:	Includes bibliographical references (pages 18-19). 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 digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	The paper estimates a behavioral equilibrium exchange rate model for Ghana. Regression results show that most of the REER's long-run behavior can be explained by real GDP growth, real interest rate differentials (both relative to trading-partner countries), and the real world prices of Ghana's main export commodities. On the basis of these fundamentals, the REER in late 2006 was found to be very close to its estimated equilibrium level. The results also suggest, that deviations from the equilibrium path are eliminated within two to three years.
Other form:	Print version: Iossifov, Plamen. Estimation of a behavioral equilibrium exchange rate model for Ghana. [Washington, D.C.] : International Monetary Fund, African Dept. and Monetary and Capital Markets Dept., ©2007

Description
Summary:	The paper estimates a behavioral equilibrium exchange rate model for Ghana. Regression results show that most of the REER's long-run behavior can be explained by real GDP growth, real interest rate differentials (both relative to trading-partner countries), and the real world prices of Ghana's main export commodities. On the basis of these fundamentals, the REER in late 2006 was found to be very close to its estimated equilibrium level. The results also suggest, that deviations from the equilibrium path are eliminated within two to three years.
Physical Description:	1 online resource (21 pages) : illustrations
Format:	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.
Bibliography:	Includes bibliographical references (pages 18-19).
ISBN:	128351544X 9781283515443