Overvalued and Undervalued Exchange Rates in an Equilibrium Optimizing Model PDF Download
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Author: José Saul Lizondo
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 34
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Book Description
For some problems it helps to think of overvalued or undervalued exchange rates as the result of unsustainable macroeconomic policies - such as undertaxation or overspending in the public sector - rather than the result of markets failing to clear or economic agents failing to behave in an optimizing manner.
Author: José Saul Lizondo
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 34
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Book Description
For some problems it helps to think of overvalued or undervalued exchange rates as the result of unsustainable macroeconomic policies - such as undertaxation or overspending in the public sector - rather than the result of markets failing to clear or economic agents failing to behave in an optimizing manner.
Author: Jose Saul Lizondo
Publisher:
ISBN:
Category : Equilibrio economico
Languages : en
Pages : 21
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Book Description
Author: José Saúl Lizondo
Publisher:
ISBN:
Category :
Languages : en
Pages : 21
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Book Description
Author: José Saul Lizondo
Publisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 32
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Book Description
Author: Mr.Angel J. Ubide
Publisher: International Monetary Fund
ISBN: 1451858736
Category : Business & Economics
Languages : en
Pages : 44
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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.
Author: Ibrahim Elbadawi
Publisher: World Bank Publications
ISBN:
Category : Capital movements
Languages : en
Pages : 40
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Book Description
Author: K. M. Matin
Publisher: World Bank Publications
ISBN:
Category : Ajuste economico - Bangladesh
Languages : en
Pages : 47
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Book Description
Author: Peter Isard
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 54
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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.
Author: Ibrahim Elbadawi
Publisher: World Bank Publications
ISBN:
Category : Africa
Languages : en
Pages : 72
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Book Description
The observed decline of agriculture and the general worsening of economic conditions in Sub-Saharan Africa are linked to economic distortions, which limit growth.
Author: Attapol Threemonkong
Publisher:
ISBN:
Category :
Languages : en
Pages : 210
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Book Description
