Search Results - subject:"Exchange rate misalignment"

International Monetary Fund (IMF); International … - 2006

A range of indicators point to a competitiveness gap of 10â€“20 percent with respect to euro area competitors. Closing the competitiveness gap will require an extended adjustment period, even with a jump in total factor productivity (TFP) growth and strong wage moderation. This paper...

Persistent link: https://www.econbiz.de/10011242902

The Real Exchange Rate and External Competitiveness in Egypt, Morocco and Tunisia

Brixiova, Zuzana; Égert, Balázs; Hadj Amor Essid, Thouraya - 2013

Egypt, Morocco and Tunisia face challenges competing on the global markets, as shown by their relatively low and stagnant export shares. The limited export competitiveness has hampered external demand, growth and employment. Applying, for the first time to North Africa, the stock-flow approach...

Persistent link: https://www.econbiz.de/10010328966

Testando a cointegração entre os fundamentos e a taxa real de câmbio: Evidências para países selecionados

Ribeiro, Priscila Fernandes - 2013

existence of exchange rate misalignment for a sample of developed and developing countries, many of whom are members of the G20 …

Persistent link: https://www.econbiz.de/10010330697

Taxas bilaterais de câmbio: Análise de desalinhamento para países selecionados

Ribeiro, Priscila Fernandes - 2013

This paper has as main objective to estimate the bilateral misalignment from the methodology described by Alberola et al. (1999) for the main Brazilian trade partners. Therefore, we present the main approaches used to estimate the multilateral real exchange rates and description of the...

Persistent link: https://www.econbiz.de/10010330805

Factors Influencing Emerging Market Central Banksâ€™ Decision to Intervene in Foreign Exchange Markets

Malloy, Matthew S - International Monetary Fund (IMF) - 2013

Using panel data for 15 economies from 2001-12, I identify determinants of central bank foreign exchange intervention in emerging markets (â€œEMsâ€) with flexible to moderately managed exchange rates. Similar to other studies, I find that central banks tend to â€œlean against the...

Persistent link: https://www.econbiz.de/10011142147

Examining measures of the equilibrium Real Exchange Rate: Macroeconomic Balance and the Natural Real Exchange Rate Approaches

Wright, Nicholas Anthony - Volkswirtschaftliche Fakultät, … - 2013

openness. The findings suggest that there were several intervals of exchange rate misalignment for each country, including … Jamaica, over the 1990-2010 study period. The exchange rate misalignment series was found to be stationary which is an … indication that there is a long-run equilibrium mean and a constant variance for exchange rate misalignment. This long …

Persistent link: https://www.econbiz.de/10011115478

The Behavior of Currencies during Risk-off Episodes

Bock, Reinout De; Filho, Irineu E. Carvalho - International Monetary Fund (IMF) - 2013

fundamental factors, such as the nominal interest rate, the international investment position and measures of exchange rate … misalignment, and market-liquidity factors, such as bid-offer spreads and restrictions on international capital flows. We also find …

Persistent link: https://www.econbiz.de/10010790299

Comparing Parametric and Non-parametric Early Warning Systems for Currency Crises in Emerging Market Economies

Comelli, Fabio - International Monetary Fund (IMF) - 2013

The purpose of this paper is to compare in-sample and out-of-sample performances of three parametric and non-parametric early warning systems (EWS) for currency crises in emerging market economies (EMs). The parametric EWS achieves superior out-of-sample results compared to the non-parametric...

Persistent link: https://www.econbiz.de/10010790354

Should developing countries undervalue their currencies?

Schröder, Marcel - Crawford School of Public Policy, Australian National … - 2013

The Washington Consensus emphasizes the economic costs of real exchange rate distortions. However, a sizable recent empirical literature finds that undervalued real exchange rates help countries to achieve faster economic growth. This paper shows that recent findings are driven by inappropriate...

Persistent link: https://www.econbiz.de/10011144018

Greece; Selected Issues

International Monetary Fund (IMF); International … - 2013

Rigidities in Greeceâ€™s product and labor markets leading to economic imbalances and the significance of reforms to these markets are played out in the first paper. The second paper describes the problems, progress to date, and agenda for work in Greeceâ€™s revenue administration and...

Persistent link: https://www.econbiz.de/10011245714