Estimating the Equilibrium Real Exchange Rate : An Application to Finland /

An equilibrium exchange rate is here defined as the level that is consistent with simultaneous internal and external balances as specified in Montiel (1996). Exogenous 'fundamental' variables determining these balances are identified. Along the lines of Edwards (1994), a reduced form is es...

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Detaylı Bibliyografya
Yazar: Feyzioglu, Tarhan
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 1997.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 1997/109
Online Erişim:Full text available on IMF
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100 1 |a Feyzioglu, Tarhan. 
245 1 0 |a Estimating the Equilibrium Real Exchange Rate :   |b An Application to Finland /  |c Tarhan Feyzioglu. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1997. 
300 |a 1 online resource (24 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a An equilibrium exchange rate is here defined as the level that is consistent with simultaneous internal and external balances as specified in Montiel (1996). Exogenous 'fundamental' variables determining these balances are identified. Along the lines of Edwards (1994), a reduced form is estimated with the cointegration technique for Finland for the period 1975-95. The estimation produced a reasonable set of equilibrium exchange rates that appreciate with positive shocks to the terms of trade, world real interest rates, and the productivity differential between Finland and its trading partners. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1997/109 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1997/109/001.1997.issue-109-en.xml  |z IMF e-Library