The Equilibrium Real Exchange Rate of the Malagasy Franc; Estimation and Assessment

Preprint OPEN
John Cady;
  • Subject: Foreign exchange;Madagascar;real exchange rate, cointegration, exchange rate misalignment, exchange rate, equation, exchange rates, Open Economy Macroeconomics,

Employing cointegration techniques, the long-run determinants of Madagascar's real exchange rate are examined from a stock-flow perspective. The long-run behavior of the real effective exchange rate is explained by the net foreign asset position and factors affecting tr... View more
Share - Bookmark