Determinants of the Real Exchange Rate in Oil-Producing Countries of the Middle East and North Africa: A Panel Data Investigation

被引：6

作者：

Eslamloueyan, Karim ^{[1
]}

Kia, Amir ^{[2
]}

机构：

[1] Shiraz Univ, Dept Econ, Shiraz, Iran

[2] Utah Valley Univ, Finance & Econ Dept, Orem, UT 84058 USA

来源：

EMERGING MARKETS FINANCE AND TRADE | 2015年 / 51卷 / 04期

关键词：

crisis; debt; foreign financing; money supply; real exchange rate; COINTEGRATION; TESTS; DEMAND; POLICY;

D O I：

10.1080/1540496X.2015.1043213

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We develop and estimate a model of the real exchange rate for oil-producing countries in the Middle East and North Africa (MENA) for the period 1985-2009. We find that over the long run, money supply, domestic real gross domestic product (GDP), government expenditure, oil price, and the U.S. externally financed debt per GDP influence the real exchange rate. Over the short run, the changes in domestic real GDP, money supply, government expenditure, domestic and U.S. interest rates, as well as the U.S. debt per GDP, are the determinants of the real exchange rate in these countries.

引用

页码：842 / 855

页数：14

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