Commodity Currencies: The Relationship between Exchange Rates and Commodity Prices: The Case of Mongolia - Softcover

Byambasuren, Tsenguunjav; Purevjav, Avralt-Od

Softcover

ISBN 10: 365942966X ISBN 13: 9783659429668

Verlag: LAP LAMBERT Academic Publishing, 2013

Inhaltsangabe

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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Über die Autorin bzw. den Autor

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.

Details zur Ausgabe

• Verlag: LAP LAMBERT Academic Publishing
• Erscheinungsdatum: 2013
• Sprache: Englisch
• ISBN 10: 365942966X
• ISBN 13: 9783659429668
• Einband: Taschenbuch
• Anzahl der Seiten: 64
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Presses Academiques Francophones; customerservice@vdm-vsg.de; ; Brivibas gatve 197; Riga; 1039; Lettland