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The Fundamental Determinants of the Real Exchange Rate of the U. S. Dollar Relative to Other G-7 Currencies

1995-08-01 Business & Economics
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Release : 1995-08-01
Genre : Business & Economics
Kind : eBook
Book Rating : 146/5 ( reviews)

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Book Synopsis The Fundamental Determinants of the Real Exchange Rate of the U. S. Dollar Relative to Other G-7 Currencies by : Mr.Jerome L. Stein

Download or read book The Fundamental Determinants of the Real Exchange Rate of the U. S. Dollar Relative to Other G-7 Currencies written by Mr.Jerome L. Stein. This book was released on 1995-08-01. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.

The Fundamental Determinants of the Real Exchange Rate of the U.S. Dollar Relative to Other G-7 Currencies

2006
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Release : 2006
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis The Fundamental Determinants of the Real Exchange Rate of the U.S. Dollar Relative to Other G-7 Currencies by : Jerome L. Stein

Download or read book The Fundamental Determinants of the Real Exchange Rate of the U.S. Dollar Relative to Other G-7 Currencies written by Jerome L. Stein. This book was released on 2006. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a consistent theoretical framework to explain the fundamental determinants of the evolution in the medium to longer run of the real effective exchange rate of the United States relative to the currencies of the other G-7 countries. The fundamental determinants are productivity and thrift in the United States and the other major industrial countries. The real rate generated by these fundamentals is referred to as the natural real exchange rate (NATREX). Then, using cointegrating and error correction analysis, the paper examines the explanatory power of the NATREX model to explain the evolution of the real exchange rate of the U.S. dollar during the floating exchange rate period.

Fundamental Determinants of Exchange Rates

1997 Business & Economics
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Release : 1997
Genre : Business & Economics
Kind : eBook
Book Rating : 064/5 ( reviews)

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Book Synopsis Fundamental Determinants of Exchange Rates by : Jerome L. Stein

Download or read book Fundamental Determinants of Exchange Rates written by Jerome L. Stein. This book was released on 1997. Available in PDF, EPUB and Kindle. Book excerpt: "This book greatly enhances our understanding of the behavior of real exchange rates. It provides an elegant model based on a solid theoretical foundation that links real exchange rates to their fundamental economic determinants and takes proper account of stock and flow considerations. The authors provide a masterful account of how changes in productivity and thrift affect the real exchange rate, and show that the long-run impact depends crucially on whether the change reflects the former fundamental (investment) or the latter (consumption). The empirical implementation uses state-of-the-art cointegration and error correction methodologies that are eminently well suited to capture the short-run adjustment of the real exchange rate to its medium- to long-run equilibrium value. The empirical results are extremely encouraging, as the economic fundamentals identified by the authors can explain a substantial part of the movement in the real exchange rate of a number of countries."--Peter Clark, International Monetary Fund

The fundemental determinants of the real exchange rate of the U.S. dollar relative to the other G-7 currencies

1995
Download The fundemental determinants of the real exchange rate of the U.S. dollar relative to the other G-7 currencies PDF Online Free

Author :
Release : 1995
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis The fundemental determinants of the real exchange rate of the U.S. dollar relative to the other G-7 currencies by : Jerome L. Stein

Download or read book The fundemental determinants of the real exchange rate of the U.S. dollar relative to the other G-7 currencies written by Jerome L. Stein. This book was released on 1995. Available in PDF, EPUB and Kindle. Book excerpt:

The Fundamental Determinats of the Real Exchange Rate of the US Dollar Relative to Other G-7 Currencies

1995
Download The Fundamental Determinats of the Real Exchange Rate of the US Dollar Relative to Other G-7 Currencies PDF Online Free

Author :
Release : 1995
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis The Fundamental Determinats of the Real Exchange Rate of the US Dollar Relative to Other G-7 Currencies by : Jerome L. Stein

Download or read book The Fundamental Determinats of the Real Exchange Rate of the US Dollar Relative to Other G-7 Currencies written by Jerome L. Stein. This book was released on 1995. Available in PDF, EPUB and Kindle. Book excerpt:

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