|
EconStor >
Forschungsinstitut zur Zukunft der Arbeit (IZA), Bonn >
IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/35557
|
| | |
Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Caporale, Guglielmo Maria | | en_US |
| dc.contributor.author | | Amor, Thouraya Hadj | | en_US |
| dc.contributor.author | | Rault, Christophe | | en_US |
| dc.date.accessioned | | 2009-03-25 | | en_US |
| dc.date.accessioned | | 2010-07-07T11:53:17Z | | - |
| dc.date.available | | 2010-07-07T11:53:17Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.pi | | urn:nbn:de:101:1-20090306317 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/35557 | | - |
| dc.description.abstract | | The aim of this paper is to provide new empirical evidence on the impact of international financial integration on the long-run Real Exchange Rate (RER) in 39 developing countries belonging to three different geographical regions (Latin America, Asia and MENA). It covers the period 1979-2004, and carries out second-generation tests for non-stationary panels. Several factors, including international financial integration, are shown to drive the long-run RER in emerging countries. It is found that the new financial environment characterised by international financial integration leads to a depreciation of the RER in the long run. Further, RER misalignments take the form of an under-valuation in most MENA countries and an over-valuation in most Latin American and Asian countries. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | IZA Bonn | | en_US |
| dc.relation.ispartofseries | | IZA discussion papers 4038 | | en_US |
| dc.subject.jel | | E31 | | en_US |
| dc.subject.jel | | F0 | | en_US |
| dc.subject.jel | | F31 | | en_US |
| dc.subject.jel | | C15 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Emerging Economies | | en_US |
| dc.subject.keyword | | real exchange rate | | en_US |
| dc.subject.keyword | | financial integration | | en_US |
| dc.subject.keyword | | misalignment | | en_US |
| dc.subject.keyword | | second-generation panel unit root and cointegration tests | | en_US |
| dc.subject.stw | | Kaufkraftparität | | en_US |
| dc.subject.stw | | Internationaler Finanzmarkt | | en_US |
| dc.subject.stw | | Marktintegration | | en_US |
| dc.subject.stw | | Panel | | en_US |
| dc.subject.stw | | Unit Root Test | | en_US |
| dc.subject.stw | | Kointegration | | en_US |
| dc.subject.stw | | Schwellenländer | | en_US |
| dc.subject.stw | | Asien | | en_US |
| dc.subject.stw | | Lateinamerika | | en_US |
| dc.subject.stw | | MENA-Staaten | | en_US |
| dc.title | | International financial integration and Real Exchange Rate long-run dynamics in emerging countries: some panel evidence | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 594731143 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|