Shahbaz, Muhammad and Rahman, Mohammad Mafizur and Ahmad, Khalil (2010) Nominal and real devaluations relationship under flexible exchange rate for Paraguay. African Journal of Business and Economic Research, 5 (2-3). pp. 6-26. ISSN 1750-4554
Metadata
| HTML Citation | EndNote | MODS | Dublin Core | Reference Manager |
Full text not available from this archive.
Official URL: http://www.adonis-abbey.com
Abstract
This paper aims to explore the correlation between nominal devaluation and real devaluation in case of Paraguay. In doing so, we have used log-linear specification to investigate the relationship between the variables and have employed some sophisticated tests such as Ng-Perron unit root test, ARDL, DOLS tests for the long run association. The findings of the study with Paraguay monthly data suggest that not only in the long run, but also in the short run, nominal devaluation leads to real devaluation.
| Item Type: | Article (Commonwealth Reporting Category C) |
|---|---|
| Additional Information: | Although the publication year is 2010, the paper is actually published in March 2011. The journal is a bit late in publication. |
| Uncontrolled Keywords: | nominal and real devaluations; flexible exchange rate; Paraguay |
| Fields of Research (FOR2008): | 15 Commerce, Management, Tourism and Services > 1502 Banking, Finance and Investment > 150205 Investment and Risk Management 14 Economics > 1402 Applied Economics > 140210 International Economics and International Finance 14 Economics > 1402 Applied Economics > 140212 Macroeconomics (incl. Monetary and Fiscal Theory) |
| Subjects: | UNSPECIFIED |
| Socio-Economic Objective (SEO2008): | B Ecomonic Development > 91 Economic Framework > 9101 Macroeconomics > 910104 Exchange Rates |
| ID Code: | 18665 |
| Deposited By: | |
| Deposited On: | 15 Mar 2011 09:10 |
| Last Modified: | 17 Sep 2012 12:19 |
Archive Staff Only: edit this record