01628cas a2200253 a 4500 AALejournalIMF000957 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451851373 1018-5941 BD-DhAAL BD-DhAAL Nagayasu, Jun. Determinants of Angola's Parallel Market Real Exchange Rate / Jun Nagayasu, Enrique Gelbard. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (14 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper estimates Angola's equilibrium parallel market real exchange rate during the 1992-98 period. Using standard integration/co-integration techniques, the results fail to support the purchasing power parity hypothesis and indicate that two exogenous variables-the price of oil and the foreign interest rate-are able to explain most of the variation in the real exchange rate during the last seven years. These results contrast with the tenet that the parallel market exchange rate in Angola is solely influenced by monetary developments. Mode of access: Internet Gelbard, Enrique. IMF Working Papers; Working Paper ; No. 1999/090 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/090/001.1999.issue-090-en.xml IMF e-Library