South Africa : Selected Issues

1ZAFEA0022003 Image
Price:  $15.00

Release Date: © January, 2003
ISBN : 978-1-45184-099-5
Stock #: 1ZAFEA0022003
Stock Status: On back-order

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This Selected Issues paper estimates an equilibrium path for South Africa’s real effective exchange rate. The paper briefly describes the dynamics of the real exchange rate and its determinants. It investigates the presence of a long-term relationship between the real exchange rate and certain explanatory variables, estimates the speed at which the real exchange rate converges toward its equilibrium level, and derives measures for the equilibrium real exchange rate. The paper also examines the real money demand, consumer prices, and the real exchange rate in South Africa.

More publications in this series: IMF Staff Country Reports