The Resource Global equilibrium exchange rates : euro, dollar, "ins," "outs," and other major currencies in a panel cointegration framework, prepared by Enrique Alberola [and others]

Global equilibrium exchange rates : euro, dollar, "ins," "outs," and other major currencies in a panel cointegration framework, prepared by Enrique Alberola [and others]

Label
Global equilibrium exchange rates : euro, dollar, "ins," "outs," and other major currencies in a panel cointegration framework
Title
Global equilibrium exchange rates
Title remainder
euro, dollar, "ins," "outs," and other major currencies in a panel cointegration framework
Statement of responsibility
prepared by Enrique Alberola [and others]
Contributor
Subject
Genre
Language
eng
Summary
Annotation
Member of
Action
digitized
Cataloging source
OCLCE
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.99/175 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Alberola Ila, Enrique
  • International Monetary Fund
Series statement
IMF Working Paper
Series volume
WP/99/175
http://library.link/vocab/subjectName
  • Foreign exchange rates
  • Balance of payments
  • Euro
  • Dollar
  • Equilibrium (Economics)
  • Valuation
  • Taux de change
  • Balance des paiements
  • Euro (Monnaie)
  • Dollar
  • Équilibre (Économie politique)
  • Évaluation
  • Balance of payments
  • Equilibrium (Economics)
  • Foreign exchange rates
Summary expansion
This paper presents a methodology for calculating bilateral equilibrium exchange rates for a panel of currencies in a way that guarantees global consistency. the methodology has three parts: a theoretical model that encompasses the balance of payments and the Balassa-Samuelson approaches to real exchange rate determination; an unobserved components decomposition in a cointegration framework that identifies a time-varying equilibrium real exchange rate; and an algebraic transformation that extracts bilateral equilibrium nominal rates. the results uncover that, by the start of Stage III of the European Economic and Monetary Union (EMU), the euro was significantly undervalued against the dollar and the pound, but overvalued against the yen. the paper also shows that the four major EMU currencies locked their parities with the euro at a rate close to equilibrium
Label
Global equilibrium exchange rates : euro, dollar, "ins," "outs," and other major currencies in a panel cointegration framework, prepared by Enrique Alberola [and others]
Instantiates
Publication
Copyright
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 31-33)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
647303958
Dimensions
unknown
Extent
1 online resource (43 pages)
Form of item
online
Level of compression
  • lossless
  • lossy
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781451904055.001
Other physical details
illustrations
Reformatting quality
  • preservation
  • access
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
(OCoLC)647303958
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Label
Global equilibrium exchange rates : euro, dollar, "ins," "outs," and other major currencies in a panel cointegration framework, prepared by Enrique Alberola [and others]
Publication
Copyright
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 31-33)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
647303958
Dimensions
unknown
Extent
1 online resource (43 pages)
Form of item
online
Level of compression
  • lossless
  • lossy
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781451904055.001
Other physical details
illustrations
Reformatting quality
  • preservation
  • access
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
(OCoLC)647303958
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

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