Misalignment of Real Exchange Rate: The Case of a Developing Economy

Baidyanath N. Ghosh () and M.A. Malik
Additional contact information
Baidyanath N. Ghosh: Eastern Mediterranean University, Postal: Famagusta (Gazimaðusa) - North Cyprus Via Mersin 10 - Turkey, http://web2009.emu.edu.tr/
M.A. Malik: Eastern Mediterranean University, Postal: Famagusta (Gazimaðusa) - North Cyprus Via Mersin 10 - Turkey, http://web2009.emu.edu.tr/

Economia Internazionale / International Economics, 2003, vol. 56, issue 2, 225-242

Abstract: The paper seeks to analyze various contemporary theories in the measurement of real exchange rates and the associated problematics involved in each case particularly for a developing economy. It then focuses on the estimation of real exchange rate for the developing economy of Turkey using the world price index as the basis of measurement. The misalignment of Turkey’s real exchange rate is calculated with reference to the equilibrium real exchange rate. The paper comes to the broad conclusion that for an inordinately long time, Turkey had been suffering from the problem of appreciated real exchange rate, and the trend continues unabated till recent years.

JEL-codes: F31 F41 O24 (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:ecoint:0163

Access Statistics for this article

Economia Internazionale / International Economics is currently edited by Giovanni Battista Pittaluga

More articles in Economia Internazionale / International Economics from Camera di Commercio Industria Artigianato Agricoltura di Genova Via Garibaldi 4, 16124 Genova, Italy. Contact information at EDIRC.
Bibliographic data for series maintained by Angela Procopio ().