Determinants of the real exchange rate in south africa
An appreciation of the rand or an increase in the nominal effective exchange rate will lower domestic inflation in South Africa. In the long run, rising labour costs By contrast, the real exchange rate of South Africa's natural resource-based regarded as key determinants of trade performance: real exchange rates, as. Apr 2, 2019 Abstract: This study investigates the effect of real exchange rate volatility on the distribution of exchange rate policy in South Africa has undergone different ' The Determinants of Exchange Rate Volatility in South Africa'. Turkey's Real Effective Exchange Rate (REER: 2005=100: Month Avg: Turkey) was 66.7 in Feb 2020, compared with the number of 67.1 in the previous month.
South African rand users (CMA, including South Africa). Special drawing rights or other currency basket pegs. Three cases of a country using or pegging the currency of a neighbor. Currency substitution or dollarization is the use of a foreign currency in parallel to or instead of "Hard pegs" are exchange rate regimes that demonstrate a stronger
Feb 23, 2016 The South African rand/US dollar (ZAR/USD) exchange rate (units of the A higher real interest rate differential between South Africa and the Abstract: This paper is an econometric investigation of the determinants of the real value of the South African rand over the period 1984-2006. The results show Feb 23, 2016 US government bond yield, South African real GDP, the South The South African rand/US dollar (ZAR/USD) exchange rate (units of the rand Sekantsi (2011) conducted a study on “the impact of real exchange rate volatility on trade in the context of South Africa's exports to the US” and found that a the real interest rate, have also been found to be significant determinants of the between energy prices and the real exchange rate in South Africa, mainly
The real exchange rate is a key policy variable in South Africa's open economy. A cointegration framework is used with single equation equilibrium correction models to investigate the short-run and long-run equilibrium determinants of the quarterly real exchange rate, 1970:1–1995:1.
By contrast, the real exchange rate of South Africa's natural resource-based regarded as key determinants of trade performance: real exchange rates, as.
Oct 24, 2016 Abstract. This study investigates the determinants of real effective exchange rate in Nigeria for the period between 1960 and 2015 using the
Jul 7, 2015 Determinants of the. Real Exchange Rate in South Africa. Janine Aron,. Ibrahim Elbadawi. and. Brian Kahn. WPS/97-16. April 1997. Centre for This is especially true of an index of the real prices of South African mineral commodities, which even drives out real income as a significant determinant of the log real exchange rate of the domestic currency per United States dollar, table. 2 shows the volatility of the ZAR compared to selected emerging markets. Feb 23, 2016 The South African rand/US dollar (ZAR/USD) exchange rate (units of the A higher real interest rate differential between South Africa and the Abstract: This paper is an econometric investigation of the determinants of the real value of the South African rand over the period 1984-2006. The results show Feb 23, 2016 US government bond yield, South African real GDP, the South The South African rand/US dollar (ZAR/USD) exchange rate (units of the rand
Sep 11, 2002 Determinants of the rand exchange rate. 5 Real effective exchange rate South African consumers, corporates, foreign exchange dealers,.
First, we found terms of trade, trade openness, government consumption, net foreign assets and real commodity prices to be the long-run determinants of the real exchange rate in South Africa. Second, we found that nearly 68.06% of the real exchange-rate disequilibrium is corrected annually. It begins with a review of literature on the determinants of the real exchange rate and provides an updated background on the exchange rate system in South Africa. An empirical model linking the real exchange rate to its theoretical determinants is then specified. The behaviour and fundamental determinants of the real exchange rate in South Africa . by Takaendesa, Peter Abstract (Summary) Real exchange rates have important effects on production, employment and trade, so it is crucial to understand the factors responsible for their variations. This study analyses the main determinants of the real exchange The determinants of long-run real exchange rates in South Africa: a fundamental equilibrium approach. Bernard Njindan Iyke and Nicholas Odhiambo () . No 18979, Working Papers from University of South Africa, Department of Economics Abstract: In this paper, we identify the fundamental determinants of the long-run exchange rates in South Africa. We then estimate the equilibrium real exchange On the Rand: Determinants of the South African Exchange Rate Jeffrey Frankel Kennedy School of Government and Center for International Development, Harvard University DRAFT: Previous version, August 2006, This version, March 2007 Abstract: This paper is an econometric investigation of the determinants of the real value
The behaviour and fundamental determinants of the real exchange rate in South Africa . by Takaendesa, Peter Abstract (Summary) Real exchange rates have important effects on production, employment and trade, so it is crucial to understand the factors responsible for their variations. This study analyses the main determinants of the real exchange The determinants of long-run real exchange rates in South Africa: a fundamental equilibrium approach. Bernard Njindan Iyke and Nicholas Odhiambo () . No 18979, Working Papers from University of South Africa, Department of Economics Abstract: In this paper, we identify the fundamental determinants of the long-run exchange rates in South Africa. We then estimate the equilibrium real exchange On the Rand: Determinants of the South African Exchange Rate Jeffrey Frankel Kennedy School of Government and Center for International Development, Harvard University DRAFT: Previous version, August 2006, This version, March 2007 Abstract: This paper is an econometric investigation of the determinants of the real value There have been several recent studies examining the determinants of exchange rates for South Africa. Applying the efficient market hypothesis and using a daily sample during June 2001–June 2004, Fedderke and Flamand (2005) examine macroeconomic news surprises on the ZAR/USD ex-change rate.