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 language | English |
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Pages (from-to) | 264-284 |
Number of pages | 21 |
Journal | Journal of International Money and Finance |
Volume | 51 |
DOIs | |
Publication status | Published - 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