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Exchange Rate Determination Under Monetary Policy Rules in a Financially Underdeveloped Economy: A Simple Model and Application to Mozambique

Felix Simione () and Shakill Hassan
Authors registered in the RePEc Author Service: Vo Phuong Mai Le

No 192, Working Papers from Economic Research Southern Africa

Abstract: Microstructure aspects of nominal exchange rate determination are less relevant in countries with embryonic financial markets. In less-developed economies, trade in goods and services is a more significant driver of currency demand than financial market speculation or hedging; and central banks actively set monetary variables. We develop a simple variation of the standard monetary model […]

Date: 2010-09-01
New Economics Papers: this item is included in nep-cba, nep-mac, nep-mon and nep-opm
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: EXCHANGE RATE DETERMINATION UNDER MONETARY POLICY RULES IN A FINANCIALLY UNDERDEVELOPED ECONOMY: A SIMPLE MODEL AND APPLICATION TO MOZAMBIQUE (2013)
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