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