Author: Publisher:
ISBN: 9789516869288
Category :
Languages : en
Pages : 0
Book Description
Assessing Equilibrium Exchange Rates in CEE Acceding Countries
Author: Assessing equilibrium exchange rates in CEE acceeding countries
Author: Égert BalázsPublisher:
ISBN:
Category : Foreign exchange rates
Languages : fi
Pages : 78
Book Description
Assessing Equilibrium Exchange Rates in CEE Acceding Countries
Author: Equilibrium Exchange Rates
Author: Peter IsardPublisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 54
Book Description
The paper describes six different methodologies that have been used to assess the equilibrium values of exchange rates and discusses their limitations. It applies several of the approaches to data for the United States as of 2006, illustrates that different approaches sometimes provide substantially different assessments, and asks which methodologies deserve the most weight in such situations. It argues that while it is generally desirable to consider the implications of several different approaches, since different approaches provide different types of perspectives, two of the methodologies seem particularly relevant for identifying threats to macroeconomic stability and growth.
The Stock-flow Approach to the Real Exchange Rate of CEE Transition Economies
Author: Exchange Rates and Macroeconomic Dynamics
Author: P. KaradeloglouPublisher: Springer
ISBN: 0230582699
Category : Business & Economics
Languages : en
Pages : 255
Book Description
This book looks at the PPP persistence puzzle, and econometric aspects of exchange rate dynamics and their implications. It also explores the importance of exchange rate dynamics in the pass-through effects (PTE) and the econometric aspects of the exchange rates dynamics linked to structural shocks on different economies.
Structural Change and Exchange Rate Dynamics
Author: Paul J.J. WelfensPublisher: Springer Science & Business Media
ISBN: 3540285261
Category : Political Science
Languages : en
Pages : 290
Book Description
Structural change, economic growth and adequate exchange rate adjustment are key challenges in the context of EU eastern enlargement as are consistent macroeconomic policies. The authors focus on sectoral adjustment across industries in catching-up countries and explain changes in the composition of output – this includes new aspects of the Chenery model. They describe and analyze the spatial pattern of specialization and adjustment in many countries. Theoretical and empirical analysis of foreign direct investment, innovation and structural change shed new light on economic dynamics in Old Europe and New Europe. As regards exchange rate dynamics both traditional aspects (such as the Balassa-Samuelson effect) and new approaches to understanding exchange rate developments are presented. Links between exchange rate changes and innovation are particularly emphasized.
Methodology for CGER Exchange Rate Assessments
Author: International Monetary Fund. Research Dept.Publisher: International Monetary Fund
ISBN: 1498332021
Category : Business & Economics
Languages : en
Pages : 41
Book Description
Exchange rate surveillance has always been at the core of the IMF’s responsibilities. Throughout its existence, the Fund has strived to strengthen its framework for assessing exchange rates, adapting it to underlying macroeconomic and financial developments in member countries. As part of this mandate, since the mid-1990s the Consultative Group on Exchange Rate Issues (CGER) has provided exchange rate assessments for a number of advanced economies from a multilateral perspective, with the aim of informing the country-specific analysis of Article IV Staff Reports and fostering multilateral consistency.
Exchange Rate Assessments
Author: Mr.Jaewoo LeePublisher: International Monetary Fund
ISBN: 1589066383
Category : Business & Economics
Languages : en
Pages : 34
Book Description
The rapid increase in international trade and financial integration over the past decade and the growing importance of emerging markets in world trade and GDP have inspired the IMF to place stronger emphasis on multilateral surveillance, macro-financial linkages, and the implications of globalization. The IMF's Consultative Group on Exchange Rate Issues (CGER)--formed in the mid-1990s to provide exchange rate assessments for a number of advanced economies from a multilateral perspective--has therefore broadened its mandate to cover both key advanced economies and major emerging market economies. This Occasional Paper summarizes the methodologies that underpin the expanded analysis.
Exchange Rates, Capital Flows and Policy
Author: Rebecca DriverPublisher: Routledge
ISBN: 1134261985
Category : Business & Economics
Languages : en
Pages : 436
Book Description
Combining thorough scholarship with illuminating real-world examples, this edited collection provides insights on the causes and consequences of movements in both exchange rates and external assets and has a strong focus on the policy implications of operating in an open economy, particularly the choice of exchange rate and monetary policy, exchange rate intervention and policies on capital mobility.