Exchange Rate Misalignment and Its Relationship to Output Growth in South Africa

Exchange Rate Misalignment and Its Relationship to Output Growth in South Africa

This paper establishes a simple theory-based real exchange rate (RER) Misalignment Index for countries around the world from 1950-2014, and shows that South Africa’s RER has been undervalued over the last decade. For the most recent year of 2014, d...

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Bibliographic Details
Main Author: Nguyen, Ha
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2018
Subjects:
EXCHANGE RATES
ECONOMIC GROWTH
PURCHASING POWER PARITY
TERMS OF TRADE
Online Access:http://documents.worldbank.org/curated/en/623571529321453645/Exchange-rate-misalignment-and-its-relationship-to-output-growth-in-South-Africa-background-note-for-the-South-Africa-systematic-country-diagnostic
http://hdl.handle.net/10986/30009

Internet

http://documents.worldbank.org/curated/en/623571529321453645/Exchange-rate-misalignment-and-its-relationship-to-output-growth-in-South-Africa-background-note-for-the-South-Africa-systematic-country-diagnostic
http://hdl.handle.net/10986/30009

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