Real Exchange Rate Misalignment: Prelude to Crisis?



Economy 86(5), 775-91.

Nurkse, R., 1945. Conditions of International Monetary Equilibrium. Essays in International
Finance 4.

Princeton University Press, Princeton, NJ.

_____ (1944) International Currency Experience: Lessons of the Interwar Period (Geneva:
Leaugue of Nations).

Obstfeld, M., 1994. The logic of currency crises. Cahiers Economiques et Monetaries, 43, pp.
189-213.

_____ (1996) Models of Currency Crises with self-fulfilling features, European Economic
Review, 40, pp.

1037-1048.

Orlowski, L., 2000 Monetary policy regimes and real exchange rates in Central Europe’s
transition

economies, Economic Systems 24,2: 145-166.

Perron, P., 1989. The great crash, the oil price shock, and the unit root hypothesis. Econometrica
57, 1361-1401.

Pinto, B., 1988. Black Market Premia, Exchange Rate Unification, and Inflation in Sub-Saharan
Africa.

World Bank (mimeographed), Washington.

Phillips, P.C. B., Loretan, M., 1991. Estimating long-run economic equilibria. Review of
Economic Studies

58, 165-93.

Phillips, P. C. B., Ouliaris, S., 1990. Asymptotic properties of residual based tests for
cointegration.

Econometrica 58, 165-193.

Rautava, J., 2004. The role of oil prices and the real exchange rate in Russia’s economy - a
cointegration

approach,” Journal of Comparative Economics, 32,2: 315-327.

Reagle, D., Salvatore, D., 2000. Forecasting financial crisis in emerging market economies.
Open Economies

Review 11(3), 247-59.

Richards, A. J., Tersman, G. H. R., 1996. Growth, nontradables, and price convergence in the
Baltics.

Journal of Comparative Economics 23(2), 121-145.

Rodriguez, C. A., 1989. Macroeconomic policies for structural adjustment. Policy Research

Working Paper

Series no. 247. World Bank, Washington.

Saikkonen, P., 1991. Asymptotically efficient estimation of cointegration regressions.

Econometric Theory 7, 1 -21.

Serven, L., Solimano, A., 1991. An empirical macroeconomic model for policy design: the case
of Chili. Policy

Research Working Paper Series No. 709. World Bank, Washington.

Stock, J. H., Watson, M. W., 1988. Testing for common trends. Journal of the American
Statistical

Association 83, 1097 - 1107.

51



More intriguing information

1. LIMITS OF PUBLIC POLICY EDUCATION
2. Incorporating global skills within UK higher education of engineers
3. Social Cohesion as a Real-life Phenomenon: Exploring the Validity of the Universalist and Particularist Perspectives
4. How Low Business Tax Rates Attract Multinational Headquarters: Municipality-Level Evidence from Germany
5. Investment and Interest Rate Policy in the Open Economy
6. AGRIBUSINESS EXECUTIVE EDUCATION AND KNOWLEDGE EXCHANGE: NEW MECHANISMS OF KNOWLEDGE MANAGEMENT INVOLVING THE UNIVERSITY, PRIVATE FIRM STAKEHOLDERS AND PUBLIC SECTOR
7. Growth and Technological Leadership in US Industries: A Spatial Econometric Analysis at the State Level, 1963-1997
8. Word searches: on the use of verbal and non-verbal resources during classroom talk
9. The urban sprawl dynamics: does a neural network understand the spatial logic better than a cellular automata?
10. Neighborhood Effects, Public Housing and Unemployment in France