A Note on Nominal and Real Devaluation in Laos

Phouphet Kyophilavong, Muhammad Shahbaz and Gazi Salah Uddin

No 2014-446, Working Papers from Department of Research, Ipag Business School

Abstract: In this paper, we investigate whether or not nominal devaluation leads to real devaluation in Laos by using the ARDL bounds testing and the Granger causality test in a VECM framework. Our empirical evidence shows that nominal devaluation Granger causes real devaluation in short run and long run. This finding implies that nominal devaluation leads to real devaluation.

Keywords: Nominal devaluation; real devaluation; Laos (search for similar items in EconPapers)
JEL-codes: F31 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2014-01-01
New Economics Papers: this item is included in nep-sea
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Related works:
Journal Article: A Note on Nominal and Real Devaluation in Laos (2015)
Working Paper: A Note on Nominal and Real Devaluation in Laos (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ipg:wpaper:2014-446

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