Assessing exchange rate competitiveness in the eastern Caribbean currency union /

This paper uses three methods to assess movements of real exchange rates in the ECCU over time. First, the purchasing power parity hypothesis is tested and then used to provide a benchmark for equilibrium real exchange rates in the region. Second, a fundamentals-based equilibrium real exchange rate...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Pineda, Emilio, 1974- (Autor), Cashin, Paul (Autor), Sun, Yan, 1959- (Autor)
Autor Corporativo: International Monetary Fund. Western Hemisphere Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2009.
Colección:IMF working paper ; WP/09/78.
Temas:
Foreign exchange rates > Caribbean Area.
Monetary unions > Caribbean Area.
Taux de change > Caraïbes (Région)
Unions monétaires > Caraïbes (Région)
Foreign exchange rates
Monetary unions
Caribbean Area
Acceso en línea:Texto completo
Descripción
Sumario:This paper uses three methods to assess movements of real exchange rates in the ECCU over time. First, the purchasing power parity hypothesis is tested and then used to provide a benchmark for equilibrium real exchange rates in the region. Second, a fundamentals-based equilibrium real exchange rate approach is used to explore sources of real exchange rate fluctuations in ECCU countries. And third, a macroeconomic balance approach is used to estimate equilibrium current account or current account ""norms"". The main finding of these analyses is that there is little evidence of overvaluation of
Notas:At head of title: Western Hemisphere Department.
"April 2009."
Descripción Física:1 online resource (41 pages) : color illustrations.
Bibliografía:Includes bibliographical references (pages 37-41).

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