A Fair Exchange? : Theory and Practice of Calculating Equilibrium Exchange Rates /

We develop a theory-based model of equilibrium exchange rates incorporating factors that have been found to matter empirically. The model provides insights into how variables should be measured and what are appropriate cross-country restrictions. We estimate this model using a panel of 12 industrial...

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Bibliographic Details
Main Author: Lee, Jaewoo
Other Authors: Bayoumi, Tamim, Faruqee, Hamid
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2005.
Series:IMF Working Papers; Working Paper ; No. 2005/229
Online Access:Full text available on IMF