Publicação
Exchange rate pressure in Angola
| dc.contributor.author | Franco, Francesco | |
| dc.contributor.author | Delgado, Júlio António Rocha | |
| dc.contributor.author | Monteiro, Suzana Camacho | |
| dc.contributor.author | Silva, Pedro Castro e | |
| dc.date.accessioned | 2016-05-05T16:57:41Z | |
| dc.date.available | 2016-05-05T16:57:41Z | |
| dc.date.issued | 2015-05 | |
| dc.description.abstract | The objective of this work is to develop an operational tool to analyze exchange rate pressure in the context of Angola. The Angolan economy exhibits a number of relevant characteristics: a closed financial account, a partially controlled current account, a highly dollarized economy and exports (oil) price determined in World markets. These features have a direct effect on the demand of foreign currency and motivate their inclusion in the specification of a model for Angola. The model provides the rational for a measure of an exchange market rate pressure (EMP) index that contains exports changes, imports changes, the foreign interest rate and inflation and the change in foreign reserves corrected for a measure dollarization. The empirical performance new measure is comparable (slightly better) to the performance of the EMP indexes obtained in Eichengreen Rose and Wyplosz (1994) and Klassen and Jager (2011). | pt_PT |
| dc.identifier.issn | 2183-0843 | |
| dc.identifier.uri | http://hdl.handle.net/10362/17161 | |
| dc.language.iso | eng | pt_PT |
| dc.peerreviewed | no | pt_PT |
| dc.publisher | Nova SBE | pt_PT |
| dc.relation.ispartofseries | NOVAFRICA Working Paper Series;1502 | |
| dc.rights.uri | http://creativecommons.org/licenses/by/4.0/ | pt_PT |
| dc.title | Exchange rate pressure in Angola | pt_PT |
| dc.type | working paper | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | workingPaper | pt_PT |