The Equilibrium Real Exchange Rate of the Malagasy Franc : Estimation and Assessment

Estimation and Assessment

The Equilibrium Real Exchange Rate of the Malagasy Franc : Estimation and Assessment
Employing cointegration techniques, the long-run determinants of Madagascar's real exchange rate are examined from a stock-flow perspective. The long-run behavior of the real effective exchange rate is explained by the net foreign asset position and factors affecting trade flows. An index of the long-run equilibrium real exchange rate is developed READ MORE...

Publication date: February 2003
ISBN 9781451844689
$15.00

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