English, Article edition: NAMIBIA'S REAL EXCHANGE RATE PERFORMANCE Ken Miyajima

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Bookmark: http://trove.nla.gov.au/version/107822
Physical Description
  • article
Language
  • English

Edition details

Title
  • NAMIBIA'S REAL EXCHANGE RATE PERFORMANCE
Author
  • Ken Miyajima
Physical Description
  • article
Notes
  • To assess Namibia's external competitiveness, this study estimates the country's equilibrium real exchange rate using the autoregressive distributed lag modelling approach that has superior small-sample properties. The nominal depreciation of the Namibia dollar in 2002 created historically one of the largest deviations in the real exchange rate from its equilibrium level, but deviations are small at present. The half-life of deviations from equilibrium is found to be about 1 year. Copyright (c) 2009 The Author. Journal compilation (c) 2009 Economic Society of South Africa.
  • RePEc:bla:sajeco:v:77:y:2009:i:2:p:228-244
Language
  • English
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