M.Comm. (Financial Economics) / In this study, the equilibrium exchange rate path of the rand/dollar real exchange rate between 1994 and the second quarter of 2011 is estimated. This is done by employing a number of methods, namely, Fundamental Equilibrium Exchange Rates (FEER), Behavioural Equilibrium Exchange Rates (BEER), Natural Real Exchange Rate (NATREX) and the Corbae-Oularis filter method. What stands out in the study is that all of the methods lead to results that are close in proximity, with the Corbae-Oularis method as an exception. In the study it is established that during the period when the ZAR.USD real exchange rate was
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:uj/uj:7851 |
| Date | 09 December 2013 |
| Source Sets | South African National ETD Portal |
| Detected Language | English |
| Type | Thesis |
| Rights | University of Johannesburg |
Page generated in 0.0022 seconds