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Fundamental Determinants Of Equilibrium Real Exchange Rates For Canada Italy United Kingdom And Japan Via A Vis The United States
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Book Synopsis Fundamental determinants of equilibrium real exchange rates for Canada, Italy, United Kingdom, and Japan via-a-vis the United States by : Ramesh Man K.C.
Download or read book Fundamental determinants of equilibrium real exchange rates for Canada, Italy, United Kingdom, and Japan via-a-vis the United States written by Ramesh Man K.C. and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Ramesh Man K. C. Publisher :Ann Arbor, Mich. : University Microfilms International ISBN 13 : Total Pages :228 pages Book Rating :4.:/5 (469 download)
Book Synopsis Fundamental Determinants of Equilibrium Real Exchange Rates for Canada, Italy, UK and Japan Vis-a-vis the US [microform] by : Ramesh Man K. C.
Download or read book Fundamental Determinants of Equilibrium Real Exchange Rates for Canada, Italy, UK and Japan Vis-a-vis the US [microform] written by Ramesh Man K. C. and published by Ann Arbor, Mich. : University Microfilms International. This book was released on 2000 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Fundamental Equilibrium Exchange Rates for the G7 by : Ray Barrell
Download or read book Fundamental Equilibrium Exchange Rates for the G7 written by Ray Barrell and published by . This book was released on 1989 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Fundamental Determinants of Exchange Rates by : Jerome Leon Stein
Download or read book Fundamental Determinants of Exchange Rates written by Jerome Leon Stein and published by Oxford University Press, USA. This book was released on 1995 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: It concentrates on the real exchange rate, and explains medium-to long-run movements in equilibrium real exchange rates in terms of fundamental variables: the productivity of capital and social (public plus private) thrift at home and abroad.
Book Synopsis Essays on Fundamental Equilibrium Exchange Rates by : Natalia Salazar
Download or read book Essays on Fundamental Equilibrium Exchange Rates written by Natalia Salazar and published by . This book was released on 2000 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first chapter presents the estimated trajectory for the US FEER over the period from 1967Q1 to 1994Q4. The estimated trajectory is shown to outperform the random walk in medium-term and long-term forecasting. The second chapter considers bilateral exchange rates. The equilibrium exchange rate trajectories are estimated for 3 pairs of countries: UK-US, Japan-US and Canada-US. These trajectories are compared to the random walk in forecasting real exchange rates and found to be superior in medium-and long-run. In the third chapter, FEER is compared to the equilibrium exchange rates estimates derived from reduced-form equations: Natural Real Exchange Rate (NATREX), and Behavioral Equilibrium Exchange Rate (BEER). It is shown that the medium and long-term forecasts based on the FEER and NATREX models are more accurate than the point predictions of the random walk. The BEER model, however, can beat the random walk only if the actual realized values of the fundamentals are used in forecasting.
Book Synopsis The Fundamental Determinants of the Real Exchange Rate of the U. S. Dollar Relative to Other G-7 Currencies by : Mr.Jerome L. Stein
Download or read book The Fundamental Determinants of the Real Exchange Rate of the U. S. Dollar Relative to Other G-7 Currencies written by Mr.Jerome L. Stein and published by International Monetary Fund. This book was released on 1995-08-01 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Book Synopsis Robustness of Equilibrium Exchange Rate Calculations to Alternative Assumptions and Methodologies by : Tamim Bayoumi
Download or read book Robustness of Equilibrium Exchange Rate Calculations to Alternative Assumptions and Methodologies written by Tamim Bayoumi and published by . This book was released on 1994 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Explaining long-term exchange rate behavior in the United States and Japan by : Anwar Shaikh
Download or read book Explaining long-term exchange rate behavior in the United States and Japan written by Anwar Shaikh and published by . This book was released on 1998 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Factor Content of Equilibrium Exchange Rates by : Richard H. Clarida
Download or read book The Factor Content of Equilibrium Exchange Rates written by Richard H. Clarida and published by . This book was released on 2018 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops framework to estimate and interpret the factor content of equilibrium real exchange rates. The framework -- which builds on Backus, Foresi, and Telmer (2001) and Ang Piazzesi (2003) -- respects the restrictions imposed by stochastic discount factors that generate standard, no arbitrage, essentially affine term structure models of inflation indexed bond yields in a home and a foreign country. We derive a sufficient set of parameter restrictions on the SDFs that deliver a stationary real exchange rate that is linear in the factors that govern the evolution of the SDFs. Our model implies that both the real exchange rate, and the ex ante real exchange rate risk premium at any horizon are linear functions of a “home” and "foreign” factors and that inflation indexed bond yields are functions of these factors as well as a “global” factor that accounts for the observed correlation in bond yield levels across countries. Home and foreign factors in turn are simple linear functions of the level slope and curvature factors extracted from home and foreign yield curves a la Litterman and Scheinkman (1991). We find that a real exchange rate risk premium accounts for about half the variance of the dollar-pound real exchange rate and that this risk premium if fully accounted for by the traditional level, slope, and curve curve factors in the UK linkers curve. We find that a home factor accounts for about 40 percent of the variance of the real exchange rate, and that this home factor is fully accounted for by the US specific component of the LS level factor in the US TIPs curve.
Book Synopsis What Drives Exchange Rates? by : Jean-Philippe Cayen
Download or read book What Drives Exchange Rates? written by Jean-Philippe Cayen and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Equilibrium Exchange Rates by : Ronald MacDonald
Download or read book Equilibrium Exchange Rates written by Ronald MacDonald and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: How successful is PPP, and its extension in the monetary model, as a measure of the equilibrium exchange rate? What are the determinants and dynamics of equilibrium real exchange rates? How can misalignments be measured, and what are their causes? What are the effects of specific policies upon the equilibrium exchange rate? The answers to these questions are important to academic theorists, policymakers, international bankers and investment fund managers. This volume encompasses all of the competing views of equilibrium exchange rate determination, from PPP, through other reduced form models, to the macroeconomic balance approach. This volume is essentially empirical: what do we know about exchange rates? The different econometric and theoretical approaches taken by the various authors in this volume lead to mutually consistent conclusions. This consistency gives us confidence that significant progress has been made in understanding what are the fundamental determinants of exchange rates and what are the forces operating to bring them back in line with the fundamentals.
Book Synopsis Handbook of International Economics by : R.W. Jones
Download or read book Handbook of International Economics written by R.W. Jones and published by North Holland. This book was released on 1984 with total page 654 pages. Available in PDF, EPUB and Kindle. Book excerpt: Textbook, research papers on international economic theory, economic policy and practice - includes a literature survey of theoretical studies in trade relations; covers evolution of economic models explaining the determinants of trade structure, capital flow, labour mobility, trade in natural resources, etc.; examines macroeconomics aspects of balance of payments, exchange rate, international monetary system, economic relations and dependence, etc. Bibliography, graphs, statistical tables.
Book Synopsis Determinants of Venezuela's Equilibrium Real Exchange Rate by : Juan Zalduendo
Download or read book Determinants of Venezuela's Equilibrium Real Exchange Rate written by Juan Zalduendo and published by International Monetary Fund. This book was released on 2006 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Venezuelan Bolivar is pegged to the U.S. dollar and supported by foreign exchange restrictions. To assess the appropriateness of the peg during the current period of high oil export earnings and the likely consequences of a liberalization, this paper attempts to disentangle the effects of oil prices from other factors underlying the equilibrium real exchange rate, and examines the role of foreign exchange controls by extending the application of a vector error correction (VEC) model to parallel market exchange rates. Several findings are worth noting. First, oil prices have indeed played a significant role in determining a time-varying equilibrium real exchange rate path. Second, oil prices are not the only important determinant of the real effective exchange rate: declining productivity is also a key factor. Third, appreciation pressures are rising. Finally, the speed of convergence of a VEC model using parallel rather than official rates is higher, suggesting that the government has been able to maintain sharp deviations between the official and equilibrium rates because of Venezuela's oil dependency and the concentration of oil income in government hands
Book Synopsis Equilibrium Exchange Rates by : Ronald MacDonald
Download or read book Equilibrium Exchange Rates written by Ronald MacDonald and published by Springer Science & Business Media. This book was released on 1999-07-31 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: How successful is PPP, and its extension in the monetary model, as a measure of the equilibrium exchange rate? What are the determinants and dynamics of equilibrium real exchange rates? How can misalignments be measured, and what are their causes? What are the effects of specific policies upon the equilibrium exchange rate? The answers to these questions are important to academic theorists, policymakers, international bankers and investment fund managers. This volume encompasses all of the competing views of equilibrium exchange rate determination, from PPP, through other reduced form models, to the macroeconomic balance approach. This volume is essentially empirical: what do we know about exchange rates? The different econometric and theoretical approaches taken by the various authors in this volume lead to mutually consistent conclusions. This consistency gives us confidence that significant progress has been made in understanding what are the fundamental determinants of exchange rates and what are the forces operating to bring them back in line with the fundamentals.
Book Synopsis Real Exchange Rates and the Prices of Nontradable Goods by : Mr.Gian Milesi-Ferretti
Download or read book Real Exchange Rates and the Prices of Nontradable Goods written by Mr.Gian Milesi-Ferretti and published by International Monetary Fund. This book was released on 1994-02-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper attempts to provide a perspective on real exchange rate developments following the inception of the EMS. The focus is on structural determinants of real exchange rates, notably the behavior of tradables and nontradable prices and productivity. It is found that changes in the relative price of tradable goods in terms of nontradables account for a sizable fraction of real exchange rate dynamics during the EMS period. Sectoral productivity growth differential help explain the behavior of the relative price of tradable goods, especially in the long run. There is also some evidence that the EMS has extended on relative price behavior.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :1498330282 Total Pages :132 pages Book Rating :4.4/5 (983 download)
Book Synopsis Exchange Rate Volatility and Trade Flows--Some New Evidence by : International Monetary Fund
Download or read book Exchange Rate Volatility and Trade Flows--Some New Evidence written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-05-19 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL
Book Synopsis Exchange Rate Economics by : Paul de Grauwe
Download or read book Exchange Rate Economics written by Paul de Grauwe and published by MIT Press. This book was released on 2005 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discussions of the different theoretical and empirical paradigms for setting and predicting exchange rates.
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