A primer on real effective exchange rates
Subtitle: determinants, overvaluation, trade flows and competitive devaluation
By: Menzie D. Chinn.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 11521; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 11521.
Publisher: National Bureau of Economic Research
Published: 2005
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Foreign exchange rates -- United States.; Foreign exchange rates -- European Union countries.; Foreign exchange rates -- East Asia.
Description: "Several alternative measures of "effective" exchange rates are discussed in the context of their theoretical underpinnings and actual construction.  Focusing on contemporary indices and recently developed econometric methods, the empirical characteristics of these differing series are examined, including the exchange rates for the U.S., the euro area and several East Asian countries.  The issues that confront the applied economist or policymaker in using the measures of real effective exchange rates available are illustrated in several case studies from current interest: (i) evaluating exchange rate misalignment, (ii) testing the Balassa-Samuelson effect, (iii) estimating the price responsiveness of trade flows, and (iv) assessing the potential impact of competitive devaluations"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 8/8/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.