Real exchanges rates, commodity prices and structural factors in developing countries

V. Bodart, B. Candelon, J.F. Carpantier

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

This paper provides new empirical evidence about the relationship that may exist between real exchange rates and commodity prices in developing countries that are specialized in the export of a main primary commodity. It investigates how structural factors like the exchange rate regime, the degree of financial and trade openness, the degree of export concentration and the type of the commodity exports affect the strength of the commodity price-real exchange rate dependence.
Original languageEnglish
Pages (from-to)264-284
Number of pages21
JournalJournal of International Money and Finance
Volume51
DOIs
Publication statusPublished - Mar 2015

Keywords

  • Real exchange rates
  • Commodity prices
  • Exchange rate regime
  • Financial openness
  • Dynamic panel analysis
  • HETEROGENEOUS PANELS
  • BOOMING SECTOR
  • RATE REGIMES
  • COINTEGRATION
  • CURRENCIES
  • TESTS
  • TRADE

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