Browsing by Subject "Real Misalignment"

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Discussion Paper No. 108 of 2010 on Equilibrium Real Exchange Rates and Real Misalignment in Kenya: A Fundamental Equilibrium Approach

Oduor, Jacob; Khainga, Dickson (The Kenya Institute for Public Policy Research and Analysis (KIPPRA), 2010)

With the liberalization of exchange rate in most countries, policy makers have to contend with erratic movements in exchange rates in the short-run, causing exchange rate misalignments in the long run. Exchange rate ...