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    EXCHANGE RATE MISALIGNMENT CONCEPTS & MEASUREMENT: Concepts and Measurement for Developing Countries

    EXCHANGE RATE MISALIGNMENT CONCEPTS & MEASUREMENT by Hinkle, Lawrence E.; Monteil, Peter J.;

    Concepts and Measurement for Developing Countries

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      • Publisher's listprice GBP 48.00
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        21 672 Ft (20 640 Ft + 5% VAT)
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    21 672 Ft

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    Product details:

    • Publisher OUP USA
    • Date of Publication 2 December 1999
    • Number of Volumes Hardback

    • ISBN 9780195211269
    • Binding Hardback
    • No. of pages632 pages
    • Size 234x157x43 mm
    • Weight 1134 g
    • Language English
    • Illustrations tables
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    Short description:

    The 1994 devaluation of CFA francs in West Africa, the Mexican currency crisis in that same year, and the Asian crises that erupted in mid-1997 are reminders of the severe dislocations that can be caused by exchange rate misalignment. However a consensus on the importance of preventing exchange rate misalignment has not provided systematic guidance on definitions and measurement. Recent macroeconomic disruptions support the argument that growing financial integration has increased the urgency of providing accurate measures of long-run equilibrium exchange rates. For its analytical depth and its practical techniques for measurement, Exchange Rate Misalignment is an invaluable resource for policymakers and foreign exchange specialists in both the public and private sectors.

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    Long description:

    The 1994 devaluation of CFA francs in West Africa, the Mexican currency crisis in that same year, and the Asian crises that erupted in mid-1997 are reminders of the severe dislocations that can be caused by exchange rate misalignment. However a consensus on the importance of preventing exchange rate misalignment has not provided systematic guidance on definitions and measurement. Recent macroeconomic disruptions support the argument that growing financial integration has increased the urgency of providing accurate measures of long-run equilibrium exchange rates. For its analytical depth and its practical techniques for measurement, Exchange Rate Misalignment is an invaluable resource for policymakers and foreign exchange specialists in both the public and private sectors.

    an invaluable compendium of the state of the debate on LRER and of RER misalighnments. It offers wide-ranging reviews of existing literature, concepts and techniques and is interesting in its eclectiscism of the most suitable concepts or estimation approaches for the questions at hand.

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