Exchange Rate Misalignment and Its Relationship to Output Growth in South Africa
This paper establishes a simple theory-based real exchange rate (RER) Misalignment Index for countries around the world from 1950-2014, and shows that South Africa’s RER has been undervalued over the last decade. For the most recent year of 2014, d...
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| Format: | Working Paper |
| Language: | English |
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/623571529321453645/Exchange-rate-misalignment-and-its-relationship-to-output-growth-in-South-Africa-background-note-for-the-South-Africa-systematic-country-diagnostic http://hdl.handle.net/10986/30009 |