Real Exchange Rates and Real Interest Differentials: The Case of a Transitional Economy - Cambodia

Tuck Cheong Tang ()

No 08-10, Monash Economics Working Papers from Monash University, Department of Economics

Abstract: This study examines the existence of long-run equilibrium relationship between the Cambodia’s real exchange rates and real interest differentials. The results of cointegration tests (i.e. Engle-Granger tests, and Johansen’s multivariate tests without and with structural breaks) show that these variables are cointegrated over the sample period of November 1994 - August 2009. This empirical finding illustrates the fundamental understanding of the role of real interest differential in determining real exchange rates in Cambodia, and it is useful for policy considerations.

Keywords: Cambodia; Real exchange rates; Real interest differentials (search for similar items in EconPapers)
JEL-codes: F30 F41 (search for similar items in EconPapers)
Pages: 7 pages
Date: 2010-05
New Economics Papers: this item is included in nep-opm
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