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Estimating the equilibrium exchange rate of the Estonian kroon Author info | Abstract | Publisher info | Download info | Related research | Statistics Marit Hinnosaar ()
Hannes Kaadu ()
Lenno Uusküla ()
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The paper presents empirical estimations of the equilibrium exchange rate of the Estonian kroon. The behavioural equilibrium exchange rate (BEER) approach is used to analyse the dynamics of the real effective exchange rate in the time period from 1995 to 2002. The estimates range from a 15% undervaluation to a small overvaluation of the kroon in the beginning of the period and indicate a position close to equilibrium in 2002.
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Paper provided by Bank of Estonia in its series Bank of Estonia Working Papers with number
2005-2.
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Length: 33 pages
Date of creation: 10 Oct 2005Date of revision:
10 Oct 2005Publication status: publishedHandle: RePEc:eea:boewps:wp2005-02Contact details of provider: Postal: Estonia bld. 13, 15095 Tallinn, ESTONIA Phone: +3726680719 Fax: +3726680900 Email: Web page: http://www.bankofestonia.info More information through EDIRC
Order Information: Postal: Estonia bld. 13, 15095 Tallinn, ESTONIA Email:
For technical questions regarding this item, or to correct its listing, contact: (Peeter Luikmel).
Keywords: equilibrium exchange rate ; BEER ; cointegration ; Estonia ; Other versions of this item:
Find related papers by JEL classification: C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions F31 - International Economics - - International Finance - - - Foreign Exchange
This paper has been announced in the following NEP Reports :
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Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
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"EMMA - A Quarterly Model of the Estonian Economy ,"
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2005-12, Bank of Estonia, revised 12 Dec 2005.
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