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The Resource Bivariate assessments of real exchange rates using PPP data, prepared by Juan Zalduendo

Bivariate assessments of real exchange rates using PPP data, prepared by Juan Zalduendo

Label
Bivariate assessments of real exchange rates using PPP data
Title
Bivariate assessments of real exchange rates using PPP data
Statement of responsibility
prepared by Juan Zalduendo
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
This paper focuses on assessments of real exchange rates using PPP data and examines their limitations when these are based exclusively on bivariate estimations. It begins by presenting an analytical framework of the real exchange rate that shows that these estimations make many restrictive assumptions. In turn, the empirical evidence presented shows that the estimates are not robust to changes in sample, such as those that arise from differences in incomes per capita. The conclusion is that the bivariate assessment of real exchange rates do not control for the heterogeneity that exists across countries, thus limiting their usefulness. This critique of bivariate estimations does not apply however to multivariate approaches such as utilized by CGER
Member of
Cataloging source
AU@
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Zalduendo, Juan
Illustrations
illustrations
Index
no index present
Language note
English
LC call number
HG3881.5.I58
LC item number
W67 no.08/153 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Kincaid, G. Russell
  • International Monetary Fund
Series statement
IMF Working Paper
Series volume
WP/08/153
http://library.link/vocab/subjectName
  • Purchasing power parity
  • Foreign exchange rates
  • Foreign exchange rates
  • Purchasing power parity
Label
Bivariate assessments of real exchange rates using PPP data, prepared by Juan Zalduendo
Instantiates
Publication
Copyright
Note
"June 2008."
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 23-26)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • I. Introduction; II. An Analytical Framework of the Real Exchange Rate; Box 1. The LOOP and the Purchasing Power Parity-Origins and Concepts; III. How are Bivariate Equilibrium Real Exchange Rates Estimated?; A. The International Comparison of Prices Dataset; B. Estimation Methodology and Underlying Assumptions; Figures; 1. Relative Price Levels and Income per Capita (1990 ICP Dataset); IV. Empirical Evidence; A. Cross-Section Evidence; 2. Balassa-Samuelson Relationship-Income and Regional Groups; Tables; 1. Estimation Results; 2. Panel Estimation Results
  • 3. Average Over-valuation (+) and Under-valuation ( -- ) Results-2006B. Time-Series Evidence; 4. Closing Gap between Actual and Balassa-Samuelson Exchange Rate; C. Discussion; V. Conclusions; Appendix I. List of Countries Included in Econometric Estimations; Appendix II. The Low-Income Country Puzzle; Appendix Table 1. Estimation Results for Sub-samples of Low-Income Countries; References
Control code
1058162654
Dimensions
unknown
Extent
1 online resource (26 pages)
File format
one file format
Form of item
online
Isbn
9781462397167
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
illustrations
Specific material designation
remote
System control number
  • imfWPIEA2008153
  • (IMF)WPIEA2008153
  • (OCoLC)1058162654
Label
Bivariate assessments of real exchange rates using PPP data, prepared by Juan Zalduendo
Publication
Copyright
Note
"June 2008."
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 23-26)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • I. Introduction; II. An Analytical Framework of the Real Exchange Rate; Box 1. The LOOP and the Purchasing Power Parity-Origins and Concepts; III. How are Bivariate Equilibrium Real Exchange Rates Estimated?; A. The International Comparison of Prices Dataset; B. Estimation Methodology and Underlying Assumptions; Figures; 1. Relative Price Levels and Income per Capita (1990 ICP Dataset); IV. Empirical Evidence; A. Cross-Section Evidence; 2. Balassa-Samuelson Relationship-Income and Regional Groups; Tables; 1. Estimation Results; 2. Panel Estimation Results
  • 3. Average Over-valuation (+) and Under-valuation ( -- ) Results-2006B. Time-Series Evidence; 4. Closing Gap between Actual and Balassa-Samuelson Exchange Rate; C. Discussion; V. Conclusions; Appendix I. List of Countries Included in Econometric Estimations; Appendix II. The Low-Income Country Puzzle; Appendix Table 1. Estimation Results for Sub-samples of Low-Income Countries; References
Control code
1058162654
Dimensions
unknown
Extent
1 online resource (26 pages)
File format
one file format
Form of item
online
Isbn
9781462397167
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
illustrations
Specific material designation
remote
System control number
  • imfWPIEA2008153
  • (IMF)WPIEA2008153
  • (OCoLC)1058162654

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