Exchange Rate Assessment: Extension of the Macroeconomic Balance Approach

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Exchange Rate Assessment: Extension of the Macroeconomic Balance Approach by Peter Mr. Isard, Hamid Mr. Faruqee, INTERNATIONAL MONETARY FUND
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Peter Mr. Isard, Hamid Mr. Faruqee ISBN: 9781452716688
Publisher: INTERNATIONAL MONETARY FUND Publication: July 24, 1998
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Peter Mr. Isard, Hamid Mr. Faruqee
ISBN: 9781452716688
Publisher: INTERNATIONAL MONETARY FUND
Publication: July 24, 1998
Imprint: INTERNATIONAL MONETARY FUND
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from INTERNATIONAL MONETARY FUND

Cover of the book The Southern African Development Community's Macroeconomic Convergence Program: Initial Performance by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book Monetary Issues in the Middle East and North Africa Region: A Policy Implementation Handbook for Central Bankers by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book Guide on Resource Revenue Transparency (2007) by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book Primary Surpluses and sustainable Debt Levels in Emerging Market Countries by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book Economic Growth and Integration in Central America (EPub) by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book Fund-Supported Programs, Fiscal Policy, and Income Distribution by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book Finance & Development, March 1982 by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book Regulatory and Tax Treatment of Loan Loss Provisions by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book The Eastern Caribbean Economic and Currency Union: Macroeconomics and Financial Systems by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book Moving to Greater Exchange Rate Flexibility: Operational Aspects Based on Lessons from Detailed Country Experiences by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book Considerations in the Choice of the Appropriate Discount Rate for Evaluating Sovereign Debt Restructurings by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book Tearing Down Walls: The International Monetary Fund 1990-1999 by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book Financial Dollarization: The Policy Agenda by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book The Economics of Bank Restructuring: Understanding the Options by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book Finance & Development, March 2007 by Peter Mr. Isard, Hamid Mr. Faruqee
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy