Exchange Rates and Economic Fundamentals : A Methodological Comparison of BEERs and FEERs /

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 sustainabl...

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Detalles Bibliográficos
Autor principal: MacDonald, Ronald
Otros Autores: Clark, Peter
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 1998.
Colección:IMF Working Papers; Working Paper ; No. 1998/067
Acceso en línea:Full text available on IMF
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245 1 0 |a Exchange Rates and Economic Fundamentals :   |b A Methodological Comparison of BEERs and FEERs /  |c Ronald MacDonald, Peter Clark. 
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300 |a 1 online resource (38 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 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. 
538 |a Mode of access: Internet 
700 1 |a Clark, Peter. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1998/067 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1998/067/001.1998.issue-067-en.xml  |z IMF e-Library