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Misalignment of Exchange Rates
Language: en
Pages: 332
Authors: Richard C. Marston
Categories: Business & Economics
Type: BOOK - Published: 2008-04-15 - Publisher: University of Chicago Press

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Economists writing on flexible exchange rates in the 1960s foresaw neither the magnitude nor the persistence of the changes in real exchange rates that have occ
Exchange Rate Misalignment
Language: en
Pages: 638
Authors: Lawrence E. Hinkle
Categories: Business & Economics
Type: BOOK - Published: 1999 - Publisher: World Bank Publications

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The study cautiously identifies exchange rate misalignment as an important element in most of the exchange rate crises that plagued the developing world during
Exchange Rate Misalignment in Developing Countries
Language: en
Pages: 110
Authors: Sebastian Edwards
Categories: Business & Economics
Type: BOOK - Published: 1988 - Publisher: Johns Hopkins University Press

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This article analyzes the theory of equilibrium real exchange rates and defines misalignment as a deviation of the real exchange rate (RER) from its equilibrium
Devaluing to Prosperity
Language: en
Pages: 283
Authors: Surjit S. Bhalla
Categories: Business & Economics
Type: BOOK - Published: 2012 - Publisher: Peterson Institute

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Experts have long questioned the effect of currency undervaluation on overall GDP growth. They have viewed the underlying basis for this policy--intervention in
Is the Parallel Market Premium a Reliable Indicator of Real Exchange Rate Misalignment in Developing Countries
Language: en
Pages: 26
Authors: Mr.Peter Montiel
Categories: Business & Economics
Type: BOOK - Published: 1993-08-01 - Publisher: International Monetary Fund

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It is often argued that the parallel market premium is a useful indicator of real exchange rate misalignment in developing countries. The empirical evidence doe