Exchange Rates and Economic Fundamentals PDF
By:Mr. Ronald MacDonald,Mr. Peter B. Clark
Published on 1998-05-01 by International Monetary Fund
This paper compares two approaches for examining the extent to which a country’s actual real effective exchange rate is consistent with economic fundamentals: the FEER approach, which involves calculating the real exchange rate that equates the current account at full employment with sustainable net capital flows, and the BEER approach, which uses econometric methods to establish a behavioral link between the real rate and relevant economic variables. An exchange rate model is estimated for the G-3 currencies to provide illustrative comparisons of BEERs and FEERs.
This Book was ranked at 38 by Google Books for keyword International Foreign Exchange novel.
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Book which was published by International Monetary Fund since 1998-05-01 have ISBNs, ISBN 13 Code is 9781451895407 and ISBN 10 Code is 1451895402
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