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Record Nr. |
UNINA9910828558803321 |
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Autore |
Mongardini Joannes |
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Titolo |
Grants, Remittances, and the Equilibrium Real Exchange Rate in Sub-Saharan African Countries / / Joannes Mongardini, Brett Rayner |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2009 |
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ISBN |
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1-4623-0431-1 |
1-4527-1072-4 |
1-4518-7222-4 |
9786612842962 |
1-282-84296-X |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (29 p.) |
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Collana |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Subsidies - Africa, Sub-Saharan |
Foreign exchange rates - Africa, Sub-Saharan |
Exports and Imports |
Foreign Exchange |
Foreign Aid |
Remittances |
Currency |
Foreign exchange |
International economics |
Real exchange rates |
Balance of payments |
International finance |
Tanzania, United Republic of |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Contents; I. Introduction; Figures; 1. The Scaling-up of Grants; II. Recent Literature; 2. The Scaling-up of Remittances; III. Data and Empirical Methodology; IV. Estimation Results; Tables; 1. Pooled Mean Group Estimates - Grants and Remittances; 2. Contribution of Fundamentals to Changes in ERER, 1980-2006; V. Concluding Remarks; |
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References; Appendix; Appendix Tables; A1. Data Description and Sources; A2. Unit Root Tests; A3. Pooled Mean Group Estimates-Fundamentals; A4. Pooled Mean Group Estimates for Oil Exporters; Appendix Figures |
A1. Real Effective Exchange Rates and Equilibrium Real Exchange Rates, Non-oil Countries, 1980-2006A2. Real Exchange Rate Disequilibria, Non-oil Countries, 1980-2006 (in percent); A3. Equilibrium Real Exchange Rates and Real Exchanges Rates Oil Countries; A4. Real Exchange Rate Misalignments, Oil Countries (in percent) |
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Sommario/riassunto |
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This paper builds on the methodology developed by Chudik and Mongardini (2007) to estimate the relationship between grants and remittances and the equilibrium real exchange rate in Sub-Saharan African (SSA) countries using panel techniques. The results indicate that grants and remittances are not associated, in the long run, with an appreciation of the real effective exchange in SSA and are therefore not likely to give rise to Dutch disease effects. These findings suggest that grants and remittances may be serving to ease supply constraints or boost productivity in the non-tradable sector in the recipient economies. |
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