Volume/Issue: 2008/153
Series: IMF Working Papers
Author(s):
Juan Zalduendo
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
June
2008
ISBN: 9781451870114
This paper focuses on assessments of real exchange rates using PPP data and examines their limitations when these are based exclusively on bivariate estimations. It begins by presenting an analytical framework of t...
Series: Occasional Papers
Author(s):
Alessandro Prati
,
Luca Ricci
,
Lone Engbo Christiansen
,
Stephen Tokarick
, and
Thierry Tressel
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
15
March
2011
DOI: http://dx.doi.org/10.5089/9781616350536.084
ISBN: 9781616350536
Assessments of exchange rate misalignments and external imbalances for low-income countries are challenging because methodologies developed for advanced and emerging economies cannot be automatically applied to poo...
Volume/Issue: 2008/153
Series: IMF Working Papers
Author(s):
Juan Zalduendo
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
June
2008
DOI: http://dx.doi.org/10.5089/9781451870114.001
ISBN: 9781451870114
This paper focuses on assessments of real exchange rates using PPP data and examines their limitations when these are based exclusively on bivariate estimations. It begins by presenting an analytical framework of t...
Series: Occasional Papers
Author(s):
Alessandro Prati
,
Luca Ricci
,
Lone Engbo Christiansen
,
Stephen Tokarick
, and
Thierry Tressel
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
15
March
2011
ISBN: 9781616350536
This paper empirically investigates the external balance of low-income countries (LICs) by offering a coherent analysis of determinants of medium- to long-term real exchange rates, current accounts, and net...
Series: Occasional Papers
Author(s):
Alessandro Prati
,
Luca Ricci
,
Lone Engbo Christiansen
,
Stephen Tokarick
, and
Thierry Tressel
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
15
March
2011
ISBN: 9781616350536
This chapter reviews the determinants of the real effective exchange rate and of the current account, with particular emphasis on factors that play an important role for lower-income countries. Toward the en...
Series: Occasional Papers
Author(s):
Alessandro Prati
,
Luca Ricci
,
Lone Engbo Christiansen
,
Stephen Tokarick
, and
Thierry Tressel
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
15
March
2011
ISBN: 9781616350536
This chapter analyzes the medium-term relationship between the current account and a set of fundamentals. Following the existing literature, the estimations consist of ordinary least squares or fixed-effect...
Series: Occasional Papers
Author(s):
Alessandro Prati
,
Luca Ricci
,
Lone Engbo Christiansen
,
Stephen Tokarick
, and
Thierry Tressel
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
15
March
2011
ISBN: 9781616350536
This chapter investigates the long-run relationship between the real effective exchange rate and a set of fundamentals. The estimation relies on an unbalanced panel of annual data covering 1980–2006. Panel u...
Series: Occasional Papers
Author(s):
Alessandro Prati
,
Luca Ricci
,
Lone Engbo Christiansen
,
Stephen Tokarick
, and
Thierry Tressel
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
15
March
2011
ISBN: 9781616350536
This chapter empirically investigates the net foreign assets position of low-income countries. The estimation relies on an unbalanced panel of annual data covering 1980–2006. As with the real exchange rate,...
Series: Occasional Papers
Author(s):
Alessandro Prati
,
Luca Ricci
,
Lone Engbo Christiansen
,
Stephen Tokarick
, and
Thierry Tressel
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
15
March
2011
ISBN: 9781616350536
This chapter sets out the details of a methodology that can be used to calculate export supply and import demand elasticities without using econometrics. There is a long tradition in estimating trade elastic...
Series: Occasional Papers
Author(s):
Alessandro Prati
,
Luca Ricci
,
Lone Engbo Christiansen
,
Stephen Tokarick
, and
Thierry Tressel
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
15
March
2011
ISBN: 9781616350536
Chapters 1 and 2 of this paper discussed the macrobalance approach, which is one method a researcher can use to determine the extent to which a country’s current account balance deviates from it...
