Exchange Rate Assessment : Extension of the Macroeconomic Balance Approach /

The IMF's internal analysis of exchange rate issues has been guided by, and limited by, the conceptual and empirical frameworks that have emerged from the collective research of the economics profession. The research has provided several general approaches that are useful for assessing whether...

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Detalhes bibliográficos
Autor principal: Isard, Peter
Outros Autores: Faruqee, Hamid
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 1998.
Colecção:Occasional Papers; Occasional Paper ; No. 1998/012
Acesso em linha:Full text available on IMF
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245 1 0 |a Exchange Rate Assessment :   |b Extension of the Macroeconomic Balance Approach /  |c Peter Isard, Hamid Faruqee. 
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490 1 |a Occasional 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 
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520 3 |a The IMF's internal analysis of exchange rate issues has been guided by, and limited by, the conceptual and empirical frameworks that have emerged from the collective research of the economics profession. The research has provided several general approaches that are useful for assessing whether countries exchange rates seem broadly appropriate. One involves the calculation of purchasing power-party (PPP) measure or international competitiveness indicators. A second, known as the macroeconomic balance framework, focuses on the extent to which prevailing exchange rates and policies are consistent with simultaneous internal and external equilibrium over the medium run. Some recent extensions of the macroeconomic balance approach and the manner in which it is applied by the IMF staff are described in this paper. 
538 |a Mode of access: Internet 
700 1 |a Faruqee, Hamid. 
830 0 |a Occasional Papers; Occasional Paper ;  |v No. 1998/012 
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