Does exchange rate volatility alter the effect of appreciation and depreciation on the trade
balance? The literature posits that the trade balance responds more to depreciation shocks …

Studies have shown that external capital account liberalisation can boost capital inflows and
augment economic development. Nevertheless, in the case of developing and emerging …

This paper revisits the relationship between interest rates and exchange rates in a small
open emerging economy using wavelet-based methodologies. Based on data for Romania …

Abstract Building upon a Behavioural Equilibrium Exchange Rate model, estimated at a
quarterly frequency since 1999 on a broad sample of 57 countries, this paper assesses both …

It is important to assess Saudi Arabia's economic performance, because its role in the global
oil market and how its actions are perceived by international investors have global …

The international competitiveness of developing countries is integral to their economic
development; hence understanding the main determinants of the real exchange rate is …

The literature lacks consensus on the role of currency regimes in explaining external
competitiveness. Countries not only differ in terms of currency regimes, but can also have …

This paper aims at studying the sustainability of current accounts in Sub-Saharan Africa and
determining whether this sustainability depends on the exchange rate regime. Relying on a …

The European debt crisis has revealed severe imbalances within the Euro area, sparking a
debate about the magnitude of those imbalances, in particular concerning real effective …

Voluminous theoretical and empirical research shows that real exchange rate (RER)
undervaluation could be conducive to economic development. Why do countries then often …