Economics, Econometrics and Finance
5 years ago

Sub-Saharan African Economies Experience Unprecedented Exchange Rate Reversal

1 view
Asymmetric Nonlinear Mean Reversion in Real Effective Exchange Rates : Evidence from Sub-Saharan Africa
Olivier Habimana

Paper Summary

The article examines the idea that exchange rates in Sub-Saharan African countries tend to move back towards a long-term average over time. The researchers used a special statistical test to analyze this idea and found evidence supporting it.

Related papers

Economics, Econometrics and Finance
4 years ago

Panel estimates reveal equilibrium exchange rates for Sub-Saharan African countries.

Macroeconomic Analysis
Trade Impact
Public Finance
Economics, Econometrics and Finance
6 years ago

Real exchange rates in Eastern Europe defy purchasing power parity theory.

Macroeconomic Analysis
Oil Price Shocks
1 view
Economics, Econometrics and Finance
7 years ago

New test reveals more African countries meeting purchasing power parity criteria

Macroeconomic Analysis
Oil Price Shocks
Economic Growth