Global Equilibrium Exchange Rates

Released on by Mr.Angel J. Ubide
preview-18

  • Global Equilibrium Exchange Rates Book Detail

  • Author : Mr.Angel J. Ubide
  • Release Date : 1999-12-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 44
  • ISBN 13 : 1451858736
  • File Size : 53,53 MB
DOWNLOAD BOOK

Global Equilibrium Exchange Rates by Mr.Angel J. Ubide PDF Summary

Book Description: This paper presents a methodology for calculating bilateral equilibrium exchange rates for a panel of currencies in a way that guarantees global consistency. The methodology has three parts: a theoretical model that encompasses the balance of payments and the Balassa-Samuelson approaches to real exchange rate determination; an unobserved components decomposition in a cointegration framework that identifies a time-varying equilibrium real exchange rate; and an algebraic transformation that extracts bilateral equilibrium nominal rates. The results uncover that, by the start of Stage III of the European Economic and Monetary Union (EMU), the euro was significantly undervalued against the dollar and the pound, but overvalued against the yen. The paper also shows that the four major EMU currencies locked their parities with the euro at a rate close to equilibrium.

Disclaimer: www.yourbookbest.com does not own Global Equilibrium Exchange Rates books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Global Equilibrium Exchange Rates

Global Equilibrium Exchange Rates

File Size : 89,89 MB
Total View : 989 Views
DOWNLOAD

This paper presents a methodology for calculating bilateral equilibrium exchange rates for a panel of currencies in a way that guarantees global consistency. Th

Global Equilibrium Exchange Rates

Global Equilibrium Exchange Rates

File Size : 3,3 MB
Total View : 763 Views
DOWNLOAD

This paper presents a methodology for calculating bilateral equilibrium exchange rates for a panel of currencies in a way that guarantees global consistency. Th

Equilibrium Exchange Rates

Equilibrium Exchange Rates

File Size : 49,49 MB
Total View : 2272 Views
DOWNLOAD

How successful is PPP, and its extension in the monetary model, as a measure of the equilibrium exchange rate? What are the determinants and dynamics of equilib