scholarly journals The performance of exchange rate regimes in three SADC countries: An overview

2014 ◽  
Vol 3 (3) ◽  
pp. 7-15 ◽  
Author(s):  
Bernard Iyke ◽  
Nicholas M. Odhiambo
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Exchange Rates ◽  
Low Income ◽  
Democratic Republic Of Congo ◽  
Exchange Rate Regimes ◽  
Real Exchange Rates ◽  
Growth Dynamics ◽  
African Countries ◽  
The Impact

This paper provides an overview of the real exchange rate and economic growth dynamics in three low-income Southern African countries, namely: the Democratic Republic of Congo (DRC), Malawi and Mozambique. Specifically, the paper investigates the nature of exchange rate regimes and the impact that they have on economic growth, as well as the movement of real exchange rates and real GDP from 1970—2010 in these countries. The paper identifies the following trends: Fixed exchange regimes were pursued from the 1960s until the late 1980s and early 1990s in these countries, which were growth-repressing; the countries pursued floating and managed-floating regimes from the 1990s to date, resulting in moderate-to-rapid economic growth. We conclude that liberalised exchange rates, which lead to undervalued currencies in these Southern African countries, were growth-enhancing.

scholarly journals Real exchange rate and economic growth dynamics in three Eastern African countries: an exploratory review

2014 ◽  
Vol 11 (4) ◽  
pp. 616-624
Author(s):  
Bernard N Iyke ◽  
Nicholas M. Odhiambo
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Exchange Rates ◽  
Real Exchange Rate ◽  
Real Exchange Rates ◽  
Growth Dynamics ◽  
African Countries ◽  
Rapid Economic Growth ◽  
The 1960S ◽  
The Impact

This paper provides an overview of the dynamics of real exchange rate and economic growth in three Eastern African countries since 1960. In particular, the paper investigates the nature of exchange rate regimes and the impact that they have on economic growth, as well as the movement of real exchange rates and real GDP from 1970—2010 in these countries. The common trends identified were as follows: These countries pursued fixed exchange regimes from the 1960s until the late 1980s and early 1990s, which repressed their economic growth; the countries pursued floating and managed floating regimes from the 1990s to date, resulting in moderate-to-rapid economic growth. We conclude that liberalised exchange rates, which lead to undervalued currencies in these Eastern African countries, are growth-enhancing

scholarly journals The impact of exchange rate on economic growth under different exchange rate regimes (in selected countries developed and developing)

2020 ◽  
Vol 8 (29) ◽  
pp. 111-134
Author(s):  
Elham Mohammadi ◽  
Alireza Kazerooni ◽  
Hossein Asgharpur ◽  
◽  
◽  
...  
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Exchange Rate Regimes ◽  
The Impact

scholarly journals Economic Restrictions and Currency Performance: Evidence of African Countries

2021 ◽  
Author(s):  
Alex Adegboye ◽  
Ochei Ikpefan ◽  
Adebusola Oyegoke ◽  
Stephen OJEKA ◽  
Ibukunoluwa Adeyanju
Keyword(s):  
United States ◽  
European Union ◽  
Exchange Rates ◽  
Policy Implication ◽  
Real Exchange Rates ◽  
The United States ◽  
African Countries ◽  
Regression Approach ◽  
Effect Regression ◽  
The Impact

Abstract This study explores the impact of diverse economic restrictions on currency performance. We assess a panel dataset of 30 African countries for the period 1990–2010. Our empirical evidence is based on the fixed effect regression and the Quantile regression approach. We find that the United States, European Union, economic and intensity sanctions weaken the real exchange rates. However, we establish that the U.N. sanctions are insignificant. As for the policy implication, sanctioned countries should implement a policy that could mitigate the adverse consequences of economic restrictions on currency performance.

scholarly journals Does Export Led Growth Hypothesis Hold Under World Crisis Recovery Regime in Malaysia?

2019 ◽  
Vol 10 (5) ◽  
pp. 9
Author(s):  
Asmawi Hashim ◽  
Norimah Rambeli ◽  
Norasibah Abdul Jalil ◽  
Normala Zulkifli ◽  
Emilda Hashim ◽  
...  
Keyword(s):  
Economic Growth ◽  
International Trade ◽  
Exchange Rate ◽  
Exchange Rates ◽  
Data Series ◽  
World Crisis ◽  
Long Run ◽  
The Impact ◽  
Growth Hypothesis

This paper examines empirically the nature of the impact of the exchange rate on import, export and economic growth in Malaysia from 2009 until 2018. The objective of this study is to investigate the long-term and short-term relationship between endogenous and exogenous variables and also to identify the effects of exchange rates on dependent variables including imports, exports and the Gross Domestic Product (DGP) that represent the productivity of the country. This study further focuses on investigating the impact or the role of export in drive the county economic growth. In achieving these objectives, the Augmented Dickey-Fuller (ADF) testing procedure is used to test the presence of unit root. In order to investigate the incidence of long run relationship between the data series, the Johansen Juselius Cointegration Vector is utilized. The Granger Causality in Vector Error Correction Model (VECM) framework is employed to differentiate between short run and long run causal effects in examining the led growth determinants. The result shows that there is causality between exchange rate, import, export and GDP. Moreover, this study shows that exchange rates responded positively to import and export and negatively to GDP. The result further support for export led growth hypothesis in this study. Thus, confirm for the role of export in motivating the economic growth productivity in after World Crisis regime in year 2008. However, Malaysia must not only relay on international trade to generate income for the country. This is because Malaysia is fortunate to have survived the negative effects of the global crisis; the international trade is exposed to exchange rate instability. If Malaysia wants to succeed in international trade, it may be able to focus on food and services trade. As alternative Malaysia may focuses on agriculture sector by improving the research and development and be a champion on food supply for the world.

scholarly journals Exchange rate regimes in the major Latin American countries since the 1950s: lessons from history

2012 ◽  
Vol 30 (1) ◽  
pp. 157-188 ◽  
Author(s):  
Roberto Frenkel ◽  
Martín Rapetti
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Latin American ◽  
Exchange Rate Regimes ◽  
Real Exchange Rates ◽  
Macroeconomic Performance ◽  
The 1950S ◽  
Nominal Anchor ◽  
The Relationship ◽  
Latin American Countries

AbstractThe paper analyses exchange rate regimes implemented by the major Latin American (LA) countries since the 1950s, with special attention to the period beginning in the 1970s. The aim is to evaluate the relationship between exchange rate regimes and macroeconomic performance. After an overview of the main trends followed by the major LA countries over the last 60 years, the paper focusses on regimes that were implemented (1) with stabilisation purposes (nominal anchor) and (2) with the aim of targeting competitive and stable real exchange rates. These sections analyse in greater detail some important links between exchange rate regimes and macroeconomic performance. The paper closes with an assessment of the experiences with exchange rate regimes in LA.

Exchange Rates and Nominal Interest Rates

2019 ◽  
pp. 126-135
Author(s):  
Harold L. Cole
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Interest Rates ◽  
Real Exchange Rate ◽  
Exchange Rate Regimes ◽  
Real Exchange Rates ◽  
The Real ◽  
Nominal Interest Rates ◽  
Different Types ◽  
Interest Parity

This chapter discusses exchanges and the different types of exchange rate regimes. It describes how exchange rates impact on real exchange rates, and how movements in the real exchange rate are associated with boom-bust cycles. It also discusses interest parity.

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