Do nominal devaluations lead to real devaluations? Evidence from 89 countries

Bahmani-Oskooee, 2006, Exchange rate sensitivity of U.S. trade flows: Evidence from industry data, Southern Economic Journal, 72, 542, 10.2307/20111832 Bahmani-Oskooee, 2007, On the relation between nominal devaluation and real devaluation: Evidence from African countries, Journal of African Economies, 16, 177, 10.1093/jae/ejl027 Bahmani-Oskooee, 2002, Do nominal devaluations lead to real devaluations in LDCs?, Economics Letters, 74, 385, 10.1016/S0165-1765(01)00575-4 Bahmani-Oskooee, 2003, Are devaluations expansionary or contractionary: A survey article, Economic Issues, 8, 1 Bahmani-Oskooee, 2007, Export growth and output growth: An application of bounds testing approach, Journal of Economics and Finance, 31, 1, 10.1007/BF02751507 Bahmani-Oskooee, 2004, The J-curve: A literature review, Applied Economics, 36, 1377, 10.1080/0003684042000201794 Brada, 1997, The exchange rate and the balance of trade: The Turkish experience, Journal of Development Studies, 33, 675, 10.1080/00220389708422489 Bruno, 1978, Exchange rates, import costs, and wage–price dynamics, Journal of Political Economy, 86, 379, 10.1086/260678 Connolly, 1976, Adjustment to devaluation with money and non-traded goods, Journal of International Economics, 6, 289, 10.1016/0022-1996(76)90004-0 Edwards, 1988, Exchange rate misalignment in developing countries Edwards, 1994, Exchange rate misalignment in developing countries Engle, 1987, Cointegration and error correction: Representation, estimation, and testing, Econometrica, 55, 251, 10.2307/1913236 Holmes, 2004, Can African countries achieve long-run real exchange rate depreciation through nominal exchange rate depreciation?, The South African Journal of Economics, 72, 305, 10.1111/j.1813-6982.2004.tb00114.x Joyce, 2003, Real and nominal determinants of real exchange rates in Latin America: Short-run dynamics and long-run equilibrium, Journal of Development Studies, 39, 155, 10.1080/00220380312331293617 Kamas, 2001, Monetary and exchange rate policy in Colombia: Effects on the real exchange rate in the 1990s, Journal of Development Studies, 38, 131, 10.1080/00220380412331322291 MacDonald, 1998, What do we really know about real exchange rates?, Vol. 28 Mussa, 1986, Nominal exchange rate regimes and the behavior of real exchange rates: Evidence and applications, Carnegie-Rochester Conference Series on Public Policy, 25, 117, 10.1016/0167-2231(86)90039-4 Pesaran, 2001, Bounds testing approaches to the analysis of level relationships, Journal of Applied Econometrics, 16, 289, 10.1002/jae.616 Santos-Paulino, 2002, Trade liberalization and export performance in selected developing countries, Journal of Development Studies, 39, 140, 10.1080/00220380412331322701 Stockman, 1988, Real exchange rate variability under pegged and floating nominal exchange rate systems: An equilibrium theory, Carnegie-Rochester Conference Series on Public Policy, 29, 259, 10.1016/0167-2231(88)90016-4 Vaubel, 1976, Real exchange rate changes in the European Community: The empirical evidence and its implications for European currency unification, Weltwirtschaftliches Archiv, 112, 429, 10.1007/BF02696813