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Exchange Rate Misalignments and International Imbalances a FEER Approach for Emerging Countries

  • Nabil Aflouk
  • Se-Eun Jeong
  • Jacques Mazier
  • Jamel Saadaoui

The objective of this paper is to examine the exchange rate misalignments (ERM) of the main emerging countries in Asia and Latin America since the 1980s, so as to shed light on the 2000s by a long term analysis and compare with the industrialized countries’ case. Our results confirm that ERM have been reduced since the mid-2000s at the world level, but the dollar remained overvalued against the East Asian countries, except the yen.

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File URL: http://www.cepii.fr/IE/rev124/ei124b.htm
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Article provided by CEPII research center in its journal International Economics/Economie Internationale.

Volume (Year): (2010)
Issue (Month): 124 ()
Pages: 31-74

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Handle: RePEc:cii:cepiei:2010-4tb
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