External and internal exchange rates and the Dutch disease: Evidence from a panel of oil-exporting African countries

The mediating role of oil price in the export-exchange rate nexus for selected African economies: Evidence from MATNARDL model

“…Furthermore, the inability of Nigeria to meet its daily production target set by OPEC hurts its expected export revenues required to meet yearly appropriations [ 8 ]. documented that oil supply export accounts for 81.1%, 85%, 80% and 40% of total export in Nigeria, Algeria, Gabon and Egypt, respectively [ 9 ]. affirmed in the study that a spike in exchange rate emanates from a proportionate spike in international oil prices or oil revenues in oil-exporting African countries.…”

“…Secondly, the authors found that real exchange rate's asymmetric responses differ across commodities sub-categories, especially energy-exporting countries. Finally, the empirical analysis also showed that oil and minerals-exporting sub-groups are more prone to real appreciation than countries exporting agricultural and food & beverage commodities in the long-run [ 9 ]. expanded the body of literature for Africa's oil-exporting countries, incorporating the decomposition of the real exchange rate into internal and external real exchange rates for two sectors; agriculture and manufacturing.…”

The Macroeconomic Results of Diligent Resource Revenues Management: The Norwegian Case

“…This is also confirmed by Alstadheim et al [31] who verify that the Norwegian monetary policy is concentrated on stability with diligent exchange rate management. Mien [32] finds that oil prices and revenues have increased the currency value of oil-exporting economies and not the internal real exchange rate for manufacturing goods. Oil price uncertainty shocks are studied by Smiech et al [33] who find that they decrease industrial production while Norway faces imminent temporary currency devaluations.…”