The equilibrium value of the Euro/$ US exchange rate : an evaluation of research

Jerome L. Stein

The ultimate object of research concerning the Euro is to answer the following questions: (#1) What is the equilibrium trajectory of the nominal euro, measured as dollars/euro? (#2) To what extent has the equilibrium nominal euro been determined by relative prices (PPP), and to what extent has it been determined by real fundamentals? (#3) How important have been the transitory factors in affecting the value of the euro? (#4) Is the euro currently undervalued, and by what criteria? Our evaluation of recent research concerning the answers to these questions, is the subject of this paper.

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Year of publication:	2001
Authors:	Stein, Jerome L.
Publisher:	München : CESifo
Subject:	Euro \| NATREX \| BEER \| equilibrium exchange rates \| international capital flows \| misalignment \| Wechselkurs \| Exchange rate \| Kaufkraftparität \| Purchasing power parity \| Kapitalmobilität \| Capital mobility \| Schätzung \| Estimation \| Wechselkurstheorie \| Exchange rate theory \| Welt \| World \| Gleichgewichtsmodell \| Equilibrium model \| EU-Staaten \| EU countries

Extent:	Online-Ressource (41 S.) graph. Darst.
Series:	CESifo working papers. - München : [Verlag nicht ermittelbar], ISSN 2364-1428, ZDB-ID 2065232-X. - Vol. 525
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: PDF Reader
Other identifiers:	hdl:10419/75865 [Handle]
Classification:	F3 - International Finance ; F21 - International Investment; Long-Term Capital Movements ; F36 - Financial Aspects of Economic Integration ; F43 - Economic Growth of Open Economies
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011399350