Real exchange rate misalignment : a panel co-integration and common factor analysis /
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| Author / Creator: | Dufrénot, Gilles, author. |
|---|---|
| Imprint: | Washington, D.C. : International Monetary Fund, IMF Institute, ©2005. |
| Description: | 1 online resource (38 pages) : illustrations. |
| Language: | English |
| Series: | IMF working paper ; WP/05/164 IMF working paper ; WP/05/164. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12498422 |
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| 100 | 1 | |a Dufrénot, Gilles, |e author. |0 http://id.loc.gov/authorities/names/n00090597 | |
| 245 | 1 | 0 | |a Real exchange rate misalignment : |b a panel co-integration and common factor analysis / |c prepared by Gilles J. Dufrenot and Etienne B. Yehoue. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, IMF Institute, |c ©2005. | ||
| 300 | |a 1 online resource (38 pages) : |b illustrations. | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper ; |v WP/05/164 | |
| 504 | |a Includes bibliographical references (pages 36-38). | ||
| 588 | 0 | |a Print version record. | |
| 520 | |a We combine some newly developed panel co-integration techniques and common factor analysis to analyze the behavior of the real exchange rate (RER) in a sample of 64 developing countries. We study the dynamic of the RER with its economic fundamentals: productivity, the terms of trade, openness, and government spending. We derive a number of common factors that explain the dynamic of the RER in our sample. We find that while some fundamentals such as productivity, terms of trade, and openness are strongly related to these common factors in low-income countries, no such link is found for the middle-income countries. We also derive the misalignment indices, which seem to reproduce recent episodes of overvaluation and undervaluation in a number of countries. | ||
| 650 | 0 | |a Foreign exchange rates |z Developing countries |x Econometric models. | |
| 651 | 0 | |a Developing countries |x Economic conditions |x Econometric models. | |
| 651 | 0 | |a Developing countries |x Economic policy |x Econometric models. | |
| 650 | 7 | |a Economic history. |2 fast |0 (OCoLC)fst00901974 | |
| 650 | 7 | |a Economic policy |x Econometric models. |2 fast |0 (OCoLC)fst00902034 | |
| 650 | 7 | |a Foreign exchange rates |x Econometric models. |2 fast |0 (OCoLC)fst00931818 | |
| 651 | 7 | |a Developing countries. |2 fast |0 (OCoLC)fst01242969 | |
| 655 | 4 | |a Electronic books. | |
| 700 | 1 | |a Yehoue, Etienne B, |e author. | |
| 710 | 2 | |a IMF Institute, |e issuing body. |0 http://id.loc.gov/authorities/names/n81065613 | |
| 710 | 2 | |a International Monetary Fund, |e issuing body. |0 http://id.loc.gov/authorities/names/n81052755 | |
| 776 | 0 | 8 | |i Print version: |a Dufrénot, Gilles. |t Real exchange rate misalignment. |d Washington, D.C. : International Monetary Fund, IMF Institute, ©2005 |w (OCoLC)62075676 |
| 830 | 0 | |a IMF working paper ; |v WP/05/164. |0 http://id.loc.gov/authorities/names/no89010263 | |
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