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International Journal of Innovation and Applied Studies
ISSN: 2028-9324     CODEN: IJIABO     OCLC Number: 828807274     ZDB-ID: 2703985-7
 
 
Monday 20 January 2020

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The effect of real exchange rate misalignment on account of the balance of payments


Volume 10, Issue 3, March 2015, Pages 953–964
Accounting, Economics and Financial Management Conference (AEFMC 2014), Iran 26-27 October 2014

 The effect of real exchange rate misalignment on account of the balance of payments

Amin Hatami1, Asghar Abolhasani Hastiyani2, Abolghasem Asna ashari3, Narjes Asadi4, and Fateme Jahangard5

1 PhD Student in Economics, Faculty of Economics, Tahsilate Takmili Branch, Payame Noor University, Tehran, Iran
2 Scientific Member of Payam Noor University, Payame Noor University, Tehran, Iran
3 Scientific Member of Payam Noor University, Payame Noor University, Tehran, Iran
4 M.A of Economics, Islamic Azad University, Central Tehran branch, Azad University, Tehran, Iran
5 M.A of Economics, Islamic Azad University, Central Tehran branch, Azad University, Tehran, Iran

Original language: English

Received 28 February 2015

Copyright © 2015 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract


Real exchange rate is one of the factors as its deviation from the equilibrium values ,affect the performance of macro economical variables .In this paper the effect of real exchange rate misalignment on account of the balance of payments during the period 1976 to 2010 are examined. The model which was introduced in this article in order to estimate the misalignment of real exchange rate is the basic model of Edwards. The considered variables in this paper in order to determine the real exchange rate are; Oil incomes, government costs in the services department and buying the non-exchangeable goods, import tariffs, term of trade rate and index of depending on the degree of economic. The period in this study is from 1976 to 2010. Experimental results show that, among the variables affecting Misalignment, variable costs, the most significant impact on the real exchange rate and this variable can impact substantially on the deviation of the real exchange rate from its equilibrium value. The estimation results of Iran's balance of payments account model by the index of real exchange rate misalignment shows that this index had the negative effect on the balance of payments account and results into a deficient in this account.

Author Keywords: balance of payments, Iran Economy, real Exchange rate misalignment, Real.


How to Cite this Article


Amin Hatami, Asghar Abolhasani Hastiyani, Abolghasem Asna ashari, Narjes Asadi, and Fateme Jahangard, “The effect of real exchange rate misalignment on account of the balance of payments,” International Journal of Innovation and Applied Studies, vol. 10, no. 3, pp. 953–964, March 2015.