The Variability of the Tunisian Real Exchange Rate

Zouhaier Hadhek, Hniya Sakli and Tahar Lassoued

International Journal of Economics and Finance, 2019, vol. 11, issue 1, 115-128

Abstract: This article presents an estimate of the equilibrium real exchange rate for Tunisia using the model of Edwards (1998) and Elbadawi (1994). We calculate the distortion between the actual RER and the equilibrium RER and the misalignments related thereto. The study period was marked by phases of overvaluation and undervaluation of the RER.

Keywords: asymmetric information; Islamic financial contracts; signalling; comparative advantage; incentive theory (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ibn:ijefaa:v:11:y:2019:i:1:p:115-128

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