Exchange rate analysis in support of IMF surveillance : a collection of empirical studies /
Carlo Cottarelli ... [et al.], editors.
- Washington, D.C. : International Monetary Fund, c2008.
- xviii, 332 p. : ill. ; 23 cm.
Includes bibliographical references.
Commodity currencies and the real exchange rate / Exchange rates and trade balance adjustment in emerging market economies / Aid volatility and macroeconomic policies / Exchange rate pass-through in the euro area / Estimation of the equilibrium real exchange rate for South Africa / France, Germany, Italy, and Spain: explaining differences in external sector performance among large euro area countries / Maintaining competitiveness in the global economy / Modeling the real exchange rates in WAEMU and CEMAC / To peg or not to peg: a template for assessing the nobler / Exits from heavily managed exchange rate regimes: how good has the going been? / Long-run determinants of exchange rate regimes: a simple sensitivity analysis / Paul Cashin, Luis F. Céspedes, and Ratna Sahay -- Atish Ghosh ... [et al.] -- Alessandro Prati and Thierry Tressel -- Hamid Faruqee -- Ronald MacDonald and Luca Antonio Ricci -- Céline Allard ... [et al.] -- Catriona Purfield -- Yasser Abdih and Charalambos Tsangarides -- Aasim M. Husain -- Enrica Detragiache, Ashoka Mody, and Eisuke Okada -- Grace Juhn and Paolo Mauro.
Exchange rate analysis lies at the center of the IMF's surveillance mandate and policy advice, as well as in the design of IMF-supported programs, and IMF staff are called upon to analyze a variety of exchange rate issues in various member countries, both small and large, from the least economically developed to the most advanced, and from those whose currencies circulate only locally to those whose currencies are of global importance. This book provides a sample of the topics the IMF staff typically examine under the broad rubric of exchange rate analysis, encompassing several topics: determination and impact of the real exchange rate, assessing competitiveness and the equilibrium real exchange rate in specific countries or country groups, and considerations in the choice of exchange rate regime.--Publisher's description.