Estimation of the Equilibrium Real Exchange Rate for Malawi

Estimation of the Equilibrium Real Exchange Rate for Malawi
This paper computes Malawi's equilibrium real exchange rate as a function of its fundamentals as derived from economic theory. It finds evidence in favor of the equilibrium approach to exchange rate determination, with several variables (particularly government consumption and real per capita growth) found to drive movements in the time-varying READ MORE...

Publication date: May 2003
ISBN 9781451852783
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