Commodity Currencies: The Relationship between Exchange Rates and Commodity Prices: The Case of Mongolia - Softcover
Synopsis
In Mongolia, the mining sector has been upgraded and developed very sharply last few years and some international experts stated that this growth will be hold up related to the strategic deposits such as Oyu Tolgoi and Tavan Tolgoi. It shows that Mongolia is becoming more dependent from foreign economy. So, this work tries to examine whether the real exchange rate and the real price of commodity exports move together over time in case of Mongolia. In this work, we used the Engle and Granger (1987) co-integration approach to assess the long-run relationship between these two variables and the empirical results suggest that an increase in price of Mongolian commodity exports appreciates the domestic real exchange rate. Also, the average half-life of adjustment of real exchange rates to commodity price is found to be about six months. The analysis should be especially useful to researchers and policy makers of resource-rich developing countries.
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About the Author
Tsenguunjav Byambasuren, BA: Studied Economics at Institute of Finance and Economics. Economist at International Department of Bank of Mongolia.Avralt-Od Purevjav, MA: Studied International Development at International University of Japan. MA in Agricultural and Resource Economics, University of Arizona.
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Commodity Currencies
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LAP LAMBERT Academic Publishing Jul 2013, 2013
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Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -In Mongolia, the mining sector has been upgraded and developed very sharply last few years and some international experts stated that this growth will be hold up related to the strategic deposits such as Oyu Tolgoi and Tavan Tolgoi. It shows that Mongolia is becoming more dependent from foreign economy. So, this work tries to examine whether the real exchange rate and the real price of commodity exports move together over time in case of Mongolia. In this work, we used the Engle and Granger (1987) co-integration approach to assess the long-run relationship between these two variables and the empirical results suggest that an increase in price of Mongolian commodity exports appreciates the domestic real exchange rate. Also, the average half-life of adjustment of real exchange rates to commodity price is found to be about six months. The analysis should be especially useful to researchers and policy makers of resource-rich developing countries. 64 pp. Englisch. Seller Inventory # 9783659429668
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Commodity Currencies
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Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Autor/Autorin: Byambasuren TsenguunjavTsenguunjav Byambasuren, BA: Studied Economics at Institute of Finance and Economics. Economist at International Department of Bank of Mongolia.Avralt-Od Purevjav, MA: Studied International Development at Inter. Seller Inventory # 5155722
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Commodity Currencies
Published by
LAP LAMBERT Academic Publishing Jul 2013, 2013
ISBN 10: 365942966X
ISBN 13: 9783659429668
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Taschenbuch
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Taschenbuch. Condition: Neu. This item is printed on demand - Print on Demand Titel. Neuware -In Mongolia, the mining sector has been upgraded and developed very sharply last few years and some international experts stated that this growth will be hold up related to the strategic deposits such as Oyu Tolgoi and Tavan Tolgoi. It shows that Mongolia is becoming more dependent from foreign economy. So, this work tries to examine whether the real exchange rate and the real price of commodity exports move together over time in case of Mongolia. In this work, we used the Engle and Granger (1987) co-integration approach to assess the long-run relationship between these two variables and the empirical results suggest that an increase in price of Mongolian commodity exports appreciates the domestic real exchange rate. Also, the average half-life of adjustment of real exchange rates to commodity price is found to be about six months. The analysis should be especially useful to researchers and policy makers of resource-rich developing countries.VDM Verlag, Dudweiler Landstraße 99, 66123 Saarbrücken 64 pp. Englisch. Seller Inventory # 9783659429668
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Commodity Currencies : The Relationship between Exchange Rates and Commodity Prices: The Case of Mongolia
Published by
LAP LAMBERT Academic Publishing, 2013
ISBN 10: 365942966X
ISBN 13: 9783659429668
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Taschenbuch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - In Mongolia, the mining sector has been upgraded and developed very sharply last few years and some international experts stated that this growth will be hold up related to the strategic deposits such as Oyu Tolgoi and Tavan Tolgoi. It shows that Mongolia is becoming more dependent from foreign economy. So, this work tries to examine whether the real exchange rate and the real price of commodity exports move together over time in case of Mongolia. In this work, we used the Engle and Granger (1987) co-integration approach to assess the long-run relationship between these two variables and the empirical results suggest that an increase in price of Mongolian commodity exports appreciates the domestic real exchange rate. Also, the average half-life of adjustment of real exchange rates to commodity price is found to be about six months. The analysis should be especially useful to researchers and policy makers of resource-rich developing countries. Seller Inventory # 9783659429668
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Commodity Currencies | The Relationship between Exchange Rates and Commodity Prices: The Case of Mongolia
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ISBN 10: 365942966X
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Taschenbuch. Condition: Neu. Commodity Currencies | The Relationship between Exchange Rates and Commodity Prices: The Case of Mongolia | Tsenguunjav Byambasuren (u. a.) | Taschenbuch | 64 S. | Englisch | 2013 | LAP LAMBERT Academic Publishing | EAN 9783659429668 | Verantwortliche Person für die EU: preigu GmbH & Co. KG, Lengericher Landstr. 19, 49078 Osnabrück, mail[at]preigu[dot]de | Anbieter: preigu. Seller Inventory # 105722082