Democracy and Exchange Rate Overvaluation: The Case of Madagascar (notice n° 707036)
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| fixed length control field | 01443cam a2200205 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121215048.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Goujon, Michaël |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Democracy and Exchange Rate Overvaluation: The Case of Madagascar |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2008.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 31 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | This paper analyzes the link between the degree of democracy and overvaluation of the exchange rate. Given the difficulty in identifying such a relation in a cross-country analysis, we consider a country case where the necessary conditions for observing this relation are in place. Here we argue that, given the characteristics and the history of Madagascar, the dictatorship used exchange rate overvaluation to secure urban sector support. Co-integration analysis between the variables shows that the degree of democracy, as measured by a Freedom House index, was one of the long-run determinants of the evolution of the real exchange rate between 1972 and 2003. The low degree of democracy in 1972–1987 explains the significant overvaluation of the exchange rate during this period. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | cointegration |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | real exchange rate |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | urban bias |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | democracy |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue d’économie du développement | 16 | 3 | 2008-11-20 | p. 87-113 | 1245-4060 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-revue-d-economie-du-developpement-2008-3-page-87?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-revue-d-economie-du-developpement-2008-3-page-87?lang=en&redirect-ssocas=7080</a> |
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