Title Estimation of a behavioral equilibrium exchange rate model for Ghana / prepared by Plamen Iossifov and Elena Loukoianova

Published [Washington, D.C.] : International Monetary Fund, African Dept. and Monetary and Capital Markets Dept., ©2007

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Description 1 online resource (21 pages) : illustrations Series IMF working paper ; WP/07/155 IMF working paper ; WP/07/155. Summary The paper estimates a behavioral equilibrium exchange rate model for Ghana. Regression results show that most of the REER's long-run behavior can be explained by real GDP growth, real interest rate differentials (both relative to trading-partner countries), and the real world prices of Ghana's main export commodities. On the basis of these fundamentals, the REER in late 2006 was found to be very close to its estimated equilibrium level. The results also suggest, that deviations from the equilibrium path are eliminated within two to three years Bibliography Includes bibliographical references (pages 18-19) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Foreign exchange rates -- Ghana -- Econometric models Competition -- Ghana -- Econometric models Competition -- Econometric models Economic history Foreign exchange rates -- Econometric models SUBJECT Ghana -- Economic conditions -- Econometric models Subject Ghana Form Electronic book Author Loukoianova, Elena, author. International Monetary Fund. African Department International Monetary Fund. Monetary and Capital Markets Department. ISBN 128351544X 9781283515443

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