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Misalignment of Exchange Rates
Language: en
Pages: 332
Authors: Richard C. Marston
Categories: Business & Economics
Type: BOOK - Published: 2008-04-15 - Publisher: University of Chicago Press

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Economists writing on flexible exchange rates in the 1960s foresaw neither the magnitude nor the persistence of the changes in real exchange rates that have occ
Exchange Rate Misalignment
Language: en
Pages: 638
Authors: Lawrence E. Hinkle
Categories: Business & Economics
Type: BOOK - Published: 1999 - Publisher: World Bank Publications

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The study cautiously identifies exchange rate misalignment as an important element in most of the exchange rate crises that plagued the developing world during
Devaluing to Prosperity
Language: en
Pages: 283
Authors: Surjit S. Bhalla
Categories: Business & Economics
Type: BOOK - Published: 2012 - Publisher: Peterson Institute

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Experts have long questioned the effect of currency undervaluation on overall GDP growth. They have viewed the underlying basis for this policy--intervention in
Exchange Rate Misalignment in Developing Countries
Language: en
Pages: 110
Authors: Sebastian Edwards
Categories: Business & Economics
Type: BOOK - Published: 1988 - Publisher: Johns Hopkins University Press

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This article analyzes the theory of equilibrium real exchange rates and defines misalignment as a deviation of the real exchange rate (RER) from its equilibrium
Exchange Rate Misalignment and Growth: A Myth?
Language: en
Pages: 15
Authors: Carlos Goncalves
Categories: Business & Economics
Type: BOOK - Published: 2017-12-21 - Publisher: International Monetary Fund

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The impact of real exchange rate movements on GDP growth is a hotly debated issue both in policy and academic circles. In this paper, we provide evidence sugges