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Exchange Rate Behaviour in an Oil-Dependent Economy: The Experience of the Sudanese Dinar.
The objective of this paper is to estimate the extent of exchange rate misalignment in the Sudan over period 1970-2005. The bounds test finds two cointegrating relations when nominal and world price index are the dependent variables. The long-run coefficients indicate that nominal exchange rates wer...
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| Médium: | Journal Article |
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Indian Economic Review
2009
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