Competition-Adjusted Measures of Real Exchange Rates

Abstract

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Exchange Rate Movements and the Export Sector: New Empirical Evidence From Nigeria

“…Ключови думи: валутен курс; промени; експортен сектор; емпиричен анализ JEL: F31; O24; F14 Валутният курс е основен макроикономически показател, изпълняващ две главни функции, които го свързват непосредствено с експортния сектор -да служи като номинална котва за вътрешните цени и да поддържа международната конкурентоспособност (Stein, Fernandez, Rosenow and Zuluaga, 2018).…”

Trade and Integration Monitor 2016: Downshifting: Latin America and the Caribbean in the New Normal of Global Trade

“…Nonetheless, the traditional measures of real effective exchange rates, including those used in this analysis, are limited to considering bilateral relationships and do not incorporate the adjustment for competition in third markets. See Stein et al (2016) for an example of the estimation of the adjusted real effective exchange rate that takes into account these additional factors. 16 The U.S. is the principal destination of exports for Mexico (81%), the Dominican Republic (49%), El Salvador (47%), Honduras (43%), Costa Rica (39%), Ecuador (39%), Guatemala (5%) and Colombia (27%).…”