Hidden Bibliographic Details
| Other authors / contributors: | Leigh, Lamin, author.
Li, Xianming, author.
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| ISBN: | 1283513552
9781283513555
9781451909333
1451909330
146234576X
9781462345762
1452765278
9781452765273
9786613826008
6613826006
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| Digital file characteristics: | data file
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| Notes: | Includes bibliographical references.
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Increased attention is being paid to assessments of the actual values of countries' real exchange rates relative to their "equilibrium" values as suggested by "fundamental" determining factors. This paper assesses the robustness of alternative approaches and models commonly used to derive equilibrium real exchange rate estimates. Using China's currency to illustrate this analysis, the variance in estimates raises serious questions regarding how robust the results are. The basic conclusion from the tests used here is that, at least for China, small changes in model specifications, explanatory variable definitions, and time periods used in estimation can lead to very substantial differences in equilibrium real exchange rate estimates. Thus, such estimates should be treated with great caution.
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| Other form: | Print version: Dunaway, Steven Vincent. How robust are estimates of equilibrium real exchange rates. Washington, D.C. : International Monetary Fund, Asia and Pacific Dept., ©2006
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