Hidden Bibliographic Details
Other authors / contributors: | Cashin, Paul, author.
Sun, Yan, 1959- author.
International Monetary Fund. Western Hemisphere Department.
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ISBN: | 9781451872255 1451872259
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Digital file characteristics: | data file
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Notes: | At head of title: Western Hemisphere Department. "April 2009." Includes bibliographical references (pages 37-41). Print version record.
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Summary: | 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.
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Other form: | Print version: Pineda, Emilio, 1974- Assessing exchange rate competitiveness in the eastern Caribbean currency union. [Washington, D.C.] : International Monetary Fund, ©2009
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