The Determinants of the Real Exchange Rate in Zambia |
Common terms and phrases
adjustment AERC analysis annual percentage average Appendix based REER CAPFLOY capital flows cointegrating vector cointegration computed copper price based critical value Cumulative impulse response depreciation domestic credit domestic price Dutch disease effective exchange rate Elbadawi equilibrium real exchange error correction excess supply exchange rate index exchange rate policy exchange rate regime EXCRE fixed exchange rate floating exchange rate foreign copper price foreign exchange foreign import price foreign price functions to innovations GDP ratio Ghura and Grennes gross domestic growth import price based impulse dummy impulse response functions inflation Johansen kwacha long-run equilibrium macroeconomic misalignment Monetary Nigeria nominal devaluation nominal effective exchange nominal exchange rate non-traded PPP theory price based real price levels purchasing power parity real effective exchange real exchange rate REERcu regression relative price Research Paper study period supply of domestic terms of trade trade policies unit root variables variance decomposition weighted foreign import Zambia