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Long and short run drivers of the real exchange rate in Egypt (2002-2020)

Hoda Mansour & Soliman Hassan

International Journal of Economic Policy and Emerging Economies2025https://doi.org/10.1504/ijepee.2025.148861article
ABDC C
Weight
0.37

What the paper says

Egypt is an emerging developing country which has a long history of utilising different exchange rate regimes. Since the liberalisation of its Egyptian pound in 2016, the country has been facing a set of challenges to stabilise its exchange rate. To suggest better policies, this paper examines the long and short run determinants of Egypt's real exchange rate. Using Johansen and Juselius co-integration test, VAR, and an error correction model, the study analyses data from 2002 to 2020 for Egypt. The study concludes that, in the long run, growth rate, international reserves, government consumption, terms of trade and workers' remittances all have a long-run impact on the real exchange rate, while the degree of openness has no significant impact. In addition, the study provides evidence that, on the short-run, the degree of openness and government consumption have significant impact on the real exchange rate. Results of this study infer a preference for a fixed or strictly managed exchange rate regime over a flexible regime.

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https://doi.org/https://doi.org/10.1504/ijepee.2025.148861

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@article{hoda2025,
  title        = {{Long and short run drivers of the real exchange rate in Egypt (2002-2020)}},
  author       = {Hoda Mansour & Soliman Hassan},
  journal      = {International Journal of Economic Policy and Emerging Economies},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1504/ijepee.2025.148861},
}

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Long and short run drivers of the real exchange rate in Egypt (2002-2020)

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Evidence weight

0.37

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.16 × 0.4 = 0.06
M · momentum0.53 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.