List of Articles exchange rate misalignment

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  1 - The Effectof The Real Effective Exchange Rate Misalignment on Iranian Non-Oil Exports: The BEER approach
  Alireza Kazerooni Zana Mozaffari Maryam Krimi Kandoleh Moslem Amini
  The main objective of this study is to examine the effect of real effective exchange rate misalignment on Iranian non-oil exports over 1982 - 2013.For this purpose, the equilibrium real effective exchange rate has been estimated by BEER approach. The relevant literature More

  The main objective of this study is to examine the effect of real effective exchange rate misalignment on Iranian non-oil exports over 1982 - 2013.For this purpose, the equilibrium real effective exchange rate has been estimated by BEER approach. The relevant literatures indicate that oil price, fiscal policy indicator, foreign capital flow, trade openness, and terms of trade are main determinants of the equilibrium exchange rate. Using Johansen test indicates that there exist a long run relationship between real exchange rate and other variables. By using predicted value of real effective exchange rate and observe exchange rate the misalignment of real effective exchange rate is calculated. The empirical result of the misalignment indicates that in 2006, the misalignment reached to highest point, 18.67 percent which presents the overvalued Iranian currency. Moreover, the results of estimation show that all explanatory variables in the long term have a significant effect on non-oil exports. In this regard, GDP has a positive impact; the misalignment of the real effective exchange rate, real exchange rate and the terms of trade have a negative and significant effect on the non-oil exports. Manuscript profile
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  2 - تأثیر انحراف نرخ ارز واقعی بر صادرات صنعت فولاد در ایران
  هدی مشهدی محمدی عباس شاکری محمود محمودزاده
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  3 - The effect of political institutions on economic growth b through exchange rate misalignment (game theory approach)
  Hajar Mostafaee Morteza Sameti mostafa rajabi
  The most important effect of the political institution on the economic institution is in respecting or not the market system, which can ultimately strengthen or weaken the economic growth. In oil countries, abundant rent of oil income for government shapes the economic More

  The most important effect of the political institution on the economic institution is in respecting or not the market system, which can ultimately strengthen or weaken the economic growth. In oil countries, abundant rent of oil income for government shapes the economic incentives of the political institution in such a way that provides special interests through public resources. While in the free market, the pursuit of private interests will lead to public welfare. Such a different approach in some oil countries provides the context of limiting and continuous interfering in the market mechanism, so it leads to a decrease in economic growth. Due to the importance of determining the real exchange rate in achieving the desired economic growth, in this article attempt to investigate the impact of political institutions on economic growth in an oil country. The game theory method used to substantiate the presented concepts. In this regard, the different motivations of the policy makers (as political institutions) of the oil countries in determining the exchange rate investigated. The reaction of entrepreneurs to this policy in choosing the level of investment considered as an indicator of economic growth. Based on the results, ellits in motivation of maximizing government revenue determine the optimal exchange rate. Assuming economic competition, they tend to misalign exchange rate in order to weaken competitors. Adding the assumption of political competition will lead to higher exchange rate misalignment and further weaken economic growth. Manuscript profile