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 Finance & Development, December 2006 by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book Kosovo: Institutions and Policies for Reconstruction and Growth by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book The Multilateral System of Payments: Keynes, Convertibility, and the Internationa Monetary Fund's Articles of Agreement by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book Building on Progress: Reform and Growth in the Middle East and North Africa by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book Economic Policy and Equity by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book Legal and Institutional Obstacles to Growth and Business in Russia by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book Contingent Capital: Economic Rationale and Design Features by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book World Economic Outlook, May 1993 by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book External Indebtedness of Developing Countries by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book The Influence of Credit Derivative and Structured Credit Markets on Financial Stability by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book Juego limpio by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book Central America: Challenges Following the 2008-09 Global Crisis by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book Analytical Issues in Debt by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book Global Financial Stability Report, October 2008 by Peter Mr. Isard, Hamid Mr. Faruqee
Cover of the book Governance of the IMF: An Evaluation (EPub) 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