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EQCHANGE Annual Assessment 2019

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  • Carl Grekou

Abstract

This publication, accompanying the 2019’s update of EQCHANGE, aims at providing an overview of exchange rate misalignments for 2018. In a nutshell, 2018 has been characterized by relatively minor movements in exchange rate misalignments except few EMEs that registered important downward movements owing from the exchange rate depreciations. This is especially the case of Turkey, and to a lesser extent, Brazil, India, Indonesia and Russia. In contrast, most of the major currencies registered a slight appreciation vis-à-vis the US dollar that generally translated in upward movements in currency misalignments. The euro area is again featured two opposite situations with Finland Germany, Ireland and the Netherlands displaying noticeable undervaluations.

Suggested Citation

  • Carl Grekou, 2019. "EQCHANGE Annual Assessment 2019," Working Papers 2019-19, CEPII research center.
    • Handle: RePEc:cii:cepidt:2019-19
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    File URL: http://www.cepii.fr/PDF_PUB/wp/2019/wp2019-19.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    EQCHANGE; Exchange Rates; Currency Misalignments; Imbalances;
    All these keywords.

    JEL classification:

    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F3 - International Economics - - International Finance

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