Estimation of the Equilibrium Real Exchange Rate for South Africa /
Based on the Johansen cointegration estimation methodology, much of the long-run behavior of the real effective exchange rate of South Africa can be explained by real interest rate differentials, GDP per capita (both relative to trading partners), real commodity prices, trade openness, the fiscal ba...
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| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
2003.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 2003/044 |
| Accés en línia: | Full text available on IMF |