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Exchange Rates and Economic Fundamentals

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Author Info

  • Steven A. Symansky
  • Peter B. Clark
  • Leonardo Bartolini
  • Tamim Bayoumi

Abstract

This paper summarizes the methods and types of indicators that are often employed, both insid and outside the IMF, to assess whether exchange rates are broadly in line with economic fundamentals.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Occasional Papers with number 115.

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Length: 31
Date of creation: 15 Sep 1994
Date of revision:
Handle: RePEc:imf:imfocp:115

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Related research

Keywords: Exchange rates; exchange rate; real exchange rate; current account; real equilibrium exchange rate; nominal exchange rate; nominal foreign assets; net foreign assets; effective international competitiveness; capital flows; real effective exchange rate indicators; current accounts; international financial; exchange rate system; exchange rate movements; exchange rate policies; international financial statistics; exchange rate changes; international finance; exchange rate behavior; market exchange rate; current account balance; current exchange rate; exchange rate policy; exchange rate adjustment; financial markets; current account deficit; exchange rate pressures; exchange rate systems; fixed exchange rate; fixed exchange rate system; current account balances; capital account; equilibrium? exchange rate; trade shocks; exchange rate management; exchange arrangements; exchange rate mechanism; exchange rate index; capital markets; real exchange rate behavior; exchange rate depreciation; exchange rate devaluations; surveillance over exchange rate policies; exchange rate fluctuations; international competition; exchange rate indices; exchange market intervention; exchange rate change; exchange rate misalignment; overvalued exchange rate; balance of payments; capital accounts; current account deficits; current account surplus; current account position; exchange rate misalignments; effective exchange rate; exchange rate needs; real effective exchange rate; current account surpluses; real exchange rate movements; current account positions; international trade; international policy coordination; external trade; exchange rate regimes; alternative exchange rate; exchange rate shocks; freely floating exchange rate pass; bilateral trade imbalance; exchange rate instability; net foreign asset; floating international economic policy; alternative exchange rate regimes; exchange rate ?misalignments; multilateral exchange rate; regional trade arrangements; disequilibrium exchange rate adjustments; exchange rate appreciation; foreign trade; forward exchange; movements in exchange rate variability; forward exchange rate arrangements; real exchange rate fluctuations; exchange rate volatility; trade barriers; currency convertibility; real exchange rate appreciation; foreign asset; exchange rate dynamics;

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Citations

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Cited by:
  1. Katerina Smidkova & Ales Bulir, 2004. "Would Fast Sailing Towards the Euro Be Smooth?: What Fundamental Real Exchange Rates Tell Us About Acceding Economies," Macroeconomics 0408002, EconWPA.
  2. Juan Zalduendo, 2008. "Bivariate Assessments of Real Exchange Rates Using PPP Data," IMF Working Papers 08/153, International Monetary Fund.
  3. Khan, Muhammad Arshad & Qayyum, Abdul, 2007. "Exchange Rate Determination In Pakistan: Evidence Based On Purchasing Power Parity Theory," MPRA Paper 6754, University Library of Munich, Germany.
  4. Abdul Qayyum & Muhammad Arshad Khan & Khair-U-Zaman, 2004. "Exchange Rate Misalignment in Pakistan: Evidence from Purchasing Power Parity Theory," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 43(4), pages 721-735.
  5. Alison Tarditi, 1996. "Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations," RBA Research Discussion Papers rdp9608, Reserve Bank of Australia.
  6. n.a.m, Naseem & m.s, Hamizah, 2013. "Exchange Rate Misalignment and Economic Growth: Recent Evidence in Malaysia," MPRA Paper 52447, University Library of Munich, Germany.
  7. Zhongxia Jin, 2003. "The Dynamics of Real Interest Rates, Real Exchange Rates and the Balance of Payments in China: 1980-2002," IMF Working Papers 03/67, International Monetary Fund.
  8. International Monetary Fund, 2002. "Tunisia's Experience with Real Exchange Rate Targeting and the Transition to a Flexible Exchange Rate Regime," IMF Working Papers 02/190, International Monetary Fund.
  9. Mtonga, Elvis, 2006. "The real exchange rate of the rand and competitiveness of South Africa's trade," MPRA Paper 1192, University Library of Munich, Germany.
  10. Alper, C. Emre & Saglam, Ismail, 1999. "The Equilibrium Real Exchange Rate: Evidence from Turkey," MPRA Paper 1924, University Library of Munich, Germany.
  11. Kateřina Šmídková & Ray Barrell & Dawn Holland, 2003. "Estimates of fundamental real exchange rates for the five eu pre-accession countries," Prague Economic Papers, University of Economics, Prague, vol. 2003(4).
  12. Nadezhda Ivanova, 2007. "Estimation of the Equilibrium Real Exchange Rate in Russia: Trade-Balance Approach," Working Papers w0102, Center for Economic and Financial Research (CEFIR).
  13. Andersson, Andreas & Österholm, Pär, 2001. "The Impact of Demography on the Real Exchange Rate," Working Paper Series 2001:11, Uppsala University, Department of Economics.
  14. M. Ashraf Janjua, 2007. "Pakistan’s External Trade: Does Exchange Rate Misalignment Matter for Pakistan?," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 12(Special E), pages 126-152, September.
  15. Lucjan T. Orlowski, 2005. "Recent Developments in International Currency Derivatives Market: Implications for Poland," International Finance 0502008, EconWPA.
  16. Nilsson, Kristian, 1999. "Alternative Measures of the Swedish Real Effective Exchange Rate," Working Paper 68, National Institute of Economic Research.
  17. Gan, Christopher & Ward, Bert & Ting, Su Ting & Cohen, David A., 2013. "An empirical analysis of China's equilibrium exchange rate: A co-integration approach," Journal of Asian Economics, Elsevier, vol. 29(C), pages 33-44.
  18. Vladimir Klyuev, 2003. "The Distributional Consequences of Real Exchange Rate Adjustment," IMF Working Papers 03/133, International Monetary Fund.
  19. Katerina Smidkova, 2003. "Estimating the FEER for the Czech Economy," Macroeconomics 0303014, EconWPA.

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