International competitiveness of the Mediterranean quartet : a heterogeneous-product approach /

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Bibliographic Details
Author / Creator:	Bennett, Herman Z.
Imprint:	Washington : International Monetary Fund, Oct. 2008. [Washington, District of Columbia] : International Monetary Fund, 2008. ©2008
Description:	1 online resource (37 pages)
Language:	English
Series:	IMF Working Papers IMF Working Papers.
Subject:	Competition -- Greece -- Econometric models. Competition -- Italy -- Econometric models. Competition -- Portugal -- Econometric models. Competition -- Spain -- Econometric models. Foreign exchange rates -- Greece -- Econometric models. Foreign exchange rates -- Italy -- Econometric models. Foreign exchange rates -- Portugal -- Econometric models. Foreign exchange rates -- Spain -- Econometric models. Foreign exchange rates -- Econometric models. Competition -- Econometric models. Commerce -- Econometric models. Greece -- Commerce -- Econometric models. Italy -- Commerce -- Econometric models. Portugal -- Commerce -- Econometric models. Spain -- Commerce -- Econometric models. Portugal. Greece. Italy. Spain.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12508645

Hidden Bibliographic Details
Other authors / contributors:	Zarnic, Ziga. Daniel, James.
ISBN:	1462319467 9781462319466 1452773297 9781452773292 9786612841910 6612841915 1282841912 9781282841918 1451870981 9781451870985
Notes:	Includes bibliographical references. English. Print version record. Online resource; title from PDF front page (ebrary, viewed February 26, 2014).
Summary:	The real effective exchange rate (REER) is the most commonly used measure for assessing international competitiveness. We develop a methodology to estimate the REER that incorporates two distinctive elements that are not considered in the current literature and apply it to the Mediterranean Quartet (MQ) of Greece, Italy, Portugal, and Spain, whose common pattern of real appreciation has created concern in policy and academic circles. The two elements that we add to the existing literature are (i) product heterogeneity when identifying each country's international competitors and their weights.
Other form:	1451915519

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