Shadow Price of Exchange Rate

M. Rusydi and Sardar M. N. Islam
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M. Rusydi: Deakin University
Sardar M. N. Islam: Victoria University

Chapter 5 in Quantitative Exchange Rate Economics in Developing Countries, 2007, pp 63-74 from Palgrave Macmillan

Abstract: Abstract The shadow price of exchange rate (SPER) is essential not only because of its relevance to cost-benefit analysis but it also can demonstrate the economic, efficient or real value of a country’s exchange rate (Pearce and Nash, 1981). In addition, it is critical in determining the full effect of any exogenous change, which equals to the impact effect multiplied by the appropriate shadow price of the exchange rate factor.

Keywords: Exchange Rate; Foreign Exchange; Shadow Price; Tariff Rate; Import Tariff (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59248-3_5

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DOI: 10.1057/9780230592483_5

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