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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

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 …