The Effect of Real Exchange Rate on Trade Balance in a Resource-Rich Economy: The Case of Mongolia
For resource-rich developing economies, the effect of real exchange rate depreciation on trade balance may differ from the standard findings depending on country specific characteristics. This article employs vector error correction model to examine the effect of real exchange rate on trade balance in Mongolia, a resource-rich developing country. Empirical results show that exchange rate depreciation improves trade balance in both short and long run. In particular, the well-known...[Show more]
|Collections||ANU Research Publications|
|Source:||Foreign Trade Review|
|doojav-2018-the-effect-of-real-exchange-rate-on-trade-balance-in-a-resource-rich-economy-the-case-of-mongolia.pdf||763.77 kB||Adobe PDF||Request a copy|
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