What is it about?
The paper attempts to establish the key determinants of real exchange rate in South Africa.
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Why is it important?
By establishing the key determinants of real exchange rate in South Africa, policymakers and business units can forecast the movements of real exchange rate in the country by observing the current behaviour of these determinants. This will ensure that policymakers implement better policies going forward. Business units may be able make better business decisions, knowing the behavior of real exchange rate better.
Perspectives
From my perspective, this paper is an extension of what we already know. That is, it uses better econometric strategies to analyze the behavior of the real exchange rate in South Africa over time. This analysis can be easily extended to other countries, making it a better reference point for future studies.
Bernard Njindan
University of South Africa
Read the Original
This page is a summary of: The Determinants of Long-run Real Exchange Rate in South Africa: A Fundamental Equilibrium Approach, Global Economy Journal, January 2015, De Gruyter,
DOI: 10.1515/gej-2015-0015.
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