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An Empirical Study Of The Real Exchange Rate Misalignment And Its Effects On The Macro-Economic Performance Of Bangladesh, Md. Shahnawaz Karim May 1997

An Empirical Study Of The Real Exchange Rate Misalignment And Its Effects On The Macro-Economic Performance Of Bangladesh, Md. Shahnawaz Karim

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

This paper provides empirical study of whether there was a misalignment of the real exchange rate (RER) in the Bangladesh economy during 1976-1991. The time series of multilateral and bilateral RER indexes were computed for the period 1976-1991. The computed series of RER were indexed to a base year of when the RER attained its highest level and thereby appeared to be closer to the actual long-run equilibrium RER.

In the empirical part of this thesis, five different RER indexes were computed: multilateral real exchange rate index 1 (MRER1), multilateral real exchange rate index 2 (MRER2), bilateral real exchange index …


Price And Trade Relations And Market Integration In Pacific Pork Markets, Jau-Rong Li May 1997

Price And Trade Relations And Market Integration In Pacific Pork Markets, Jau-Rong Li

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Market integration testing is important to agricultural marketing, industrial organization, international trade, and international model design. With reliable market integration information, decision makers can undertake appropriate actions to maximize profits, welfare, or both. Level I market analysis, which uses price data solely, has proved unreliable especially in the presence of discontinuous or bidirectional trade, or significant or nonstationary transaction costs.

Level II market analysis methods, which incorporate both transactions costs and prices, permit spatial markets to be integrated in some periods and segmented in others, thereby obviating many level I method problems. However, level II methods still fail to distinguish …