On the Determinants of Exchange Rate Misalignments

Jamel Saadaoui (), Jacques Mazier and Nabil Aflouk ()
Additional contact information
Jamel Saadaoui: BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique
Nabil Aflouk: CEPN - Centre d'Economie de l'Université Paris Nord - UP13 - Université Paris 13 - USPC - Université Sorbonne Paris Cité - CNRS - Centre National de la Recherche Scientifique

Post-Print from HAL

Abstract: The literature on exchange rate misalignments is very extensive as well as the literature on exchange rate determinants. To our knowledge, however, no study has analyzed the determinants of exchange rate misalignments. As huge capital inflows have been pouring into emerging countries since the climax of the crisis, exchange rate misalignments are becoming a crucial issue for policy makers. For a large panel of emerging and industrialized countries and on the period 1982-2008, we identify, empirically, the main determinants of exchange rate misalignments obtained thanks to a FEER approach (Williamson, 1994). Our analysis put forward trade openness, financial openness and regional specialization as determinant variables of exchange rate misalignments.

Keywords: Exchange rate misalignments; Trade openness; International specialization; Exchange rate regime; Financial liberalization (search for similar items in EconPapers)
Date: 2013-09-23
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00829460v3
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Published in Applied Economics Letters, 2013, 20 (18), pp.1608-1610. ⟨10.1080/13504851.2013.829189⟩

Downloads: (external link)
https://shs.hal.science/halshs-00829460v3/document (application/pdf)

Related works:
Journal Article: On the determinants of exchange rate misalignments (2013)
Working Paper: On the Determinants of Exchange Rate Misalignments (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00829460

DOI: 10.1080/13504851.2013.829189

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().