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041 _afre
042 _adc
100 1 0 _aCoudert, Virginie
_eauthor
700 1 0 _a Couharde, Cécile
_eauthor
700 1 0 _a Mignon, Valérie
_eauthor
245 0 0 _aCommodity Exporting Countries Exchange Rates
260 _c2010.
500 _a1
520 _aThe aim of this paper is to study the impact of terms of trade on real exchange rates for commodity exporters and oil exporters. To this end, we rely on panel cointegration techniques and estimate a long term relationship between the real effective exchange rate and economic fundamentals, including the commodity terms of trade, on the 1980-2007 period. Our findings show that there exists a long term relationship between real exchange rates and commodity prices, but that the former respond to oil price somewhat less than to commodity prices. Our results also indicate that the deviations of some pegged currencies to their equilibrium values mainly come from the wild fluctuations in the key currencies, on which they are anchored. Classification JEL: C23, F31, O13.
786 0 _nRevue économique | 61 | 3 | 2010-05-17 | p. 499-509 | 0035-2764
856 4 1 _uhttps://shs.cairn.info/journal-revue-economique-2010-3-page-499?lang=en&redirect-ssocas=7080
999 _c545850
_d545850