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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...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , , |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2009.
|
| Colección: | IMF working paper ;
WP/09/78. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Pineda, Emilio, |d 1974- |e author. |1 https://id.oclc.org/worldcat/entity/E39PCjGqrkbjkdGM4fHt6p7T73 | |
| 245 | 1 | 0 | |a Assessing exchange rate competitiveness in the eastern Caribbean currency union / |c prepared by Emilio Pineda, Paul Cashin, and Yan Sun. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2009. | ||
| 300 | |a 1 online resource (41 pages) : |b color illustrations. | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 347 | |a data file | ||
| 490 | 1 | |a IMF working paper ; |v WP/09/78 | |
| 500 | |a At head of title: Western Hemisphere Department. | ||
| 500 | |a "April 2009." | ||
| 504 | |a Includes bibliographical references (pages 37-41). | ||
| 588 | 0 | |a Print version record. | |
| 520 | |a 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 | ||
| 505 | 0 | |a I. Introduction; II. Theoretical Background; III. Evolution of the Real Exchange Rate in the ECCU; A. Analysis of Traditional Real Exchange Rate Measures; B. Real Exchange Rates Based on Customers and Competitors of Tourism Sector; IV. Equilibrium Real Exchange Rate Models; A. The PPP Hypothesis; B. Equilibrium Real Exchange Rate: The Impact of Tourism; C. Macroeconomic Balance Approach; V. Conclusions; Appendices; I. Tourism and the Real Exchange Rate; A. Tourism Model; II. Data Sources; Tables; 1. ECCU: Unit Root Tests on REER; 2. ECCU: Panel Unit Root Tests on REER | |
| 505 | 8 | |a 3. Results of the Error Correction Specification for Different Samples4. Estimation Results: Macroeconomic Balance Approach; Figures; 1. ECCU: Real Exchange Rate-Real Effective Exchange Rate, 1979-2009; 2. The Caribbean: Real Exchange Rate-Real Effective Exchange Rate, 1979-2009; 3. Real Exchange Rates with Respect to Main Customers of the Tourism Sector 1979-2009; 4. Real Exchange Rates with Respect to Tourism Competitors, 1979-2009; 5. ECCU: Actual and Long-Run Average REER, 1979-2008; 6. ECCU: Actual and Equilibrium REER, 1979-2008; 7. ECCU: Actual and Equilibrium REER, 1979-2008 | |
| 505 | 8 | |a 8. ECCU: Contributions to Changes in Equilibrium Exchange Rates, 1982-20089. Contributions to Changes of Equilibrium Real Exchange Rates, 1982-2008; 10. ECCU: Current Account Deficit, Actual and Estimated Norms; 11. ECCU: Current Account Deficit, Actual and Estimated Norms; 12. ECCU: Contributions to Current Account/GDP Norm, 1979-2008; References | |
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Foreign exchange rates |z Caribbean Area. | |
| 650 | 0 | |a Monetary unions |z Caribbean Area. | |
| 650 | 6 | |a Taux de change |z Caraïbes (Région) | |
| 650 | 6 | |a Unions monétaires |z Caraïbes (Région) | |
| 650 | 7 | |a Foreign exchange rates |2 fast | |
| 650 | 7 | |a Monetary unions |2 fast | |
| 651 | 7 | |a Caribbean Area |2 fast | |
| 700 | 1 | |a Cashin, Paul, |e author. | |
| 700 | 1 | |a Sun, Yan, |d 1959- |e author. |1 https://id.oclc.org/worldcat/entity/E39PCjFvKdHQxKrwmmMBDMrtqP | |
| 710 | 2 | |a International Monetary Fund. |b Western Hemisphere Department. | |
| 776 | 0 | 8 | |i Print version: |a Pineda, Emilio, 1974- |t Assessing exchange rate competitiveness in the eastern Caribbean currency union. |d [Washington, D.C.] : International Monetary Fund, ©2009 |w (OCoLC)551073582 |
| 830 | 0 | |a IMF working paper ; |v WP/09/78. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1608259 |z Texto completo |
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