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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19531Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | MacDonald, Ronald | - |
| dc.date | 2000 | - |
| dc.date.accessioned | 2013-10-16T07:05:27Z | - |
| dc.date.available | 2013-10-16T07:05:27Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/19531 | - |
| dc.identifier | ppn:318219956 | - |
| dc.identifier | RePEc:zbw:bubdp1:4139 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19531 | - |
| dc.description | In this paper we present a critical overview of differnt methods of constructing an equilibrium exchange rate. The recent literature on purchasing power parity (PPP) indicates that on its own PPP is not a good vehicle for defining an equilibrium exchange rate. Rather, we argue that the latter can only be recover from a model in which the real determinants of exchange rates are explicitly modelled. The advantages and disadvantages of various such models are discussed. In particular, the internal-external balance approach to defining an equilibrium real exchange rate is disccused, and this method is compared to the so-called behavioural equilibrium approach. Finally, an approach which uses purely time series methods to construct an equilibrium exchange rate is also discussed. | - |
| dc.language | eng | - |
| dc.relation | Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2000,03 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | F31 | - |
| dc.subject | ddc:330 | - |
| dc.subject | Equilibrium Exchange Rates | - |
| dc.subject | Purchasing Power Parity | - |
| dc.subject | Real Exchange Rate Models | - |
| dc.subject | Wechselkurstheorie | - |
| dc.subject | Gleichgewicht | - |
| dc.subject | Kaufkraftparität | - |
| dc.subject | Ökonometrisches Modell | - |
| dc.subject | Theorie | - |
| dc.title | Concepts to Calculate Equilibrium Exchange Rates: An Overview | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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