Exchange Rate Misalignment: Concepts And Measurement For Developing Countries (World Bank Publication)
Exchange Rate Misalignment: Concepts and Measurement for Developing Countries (World Bank Publication)
Exchange Rate Misalignment examines the severe dislocations that can be caused by exchange rate misalignment and shows how there is no systematic guidance on the definitions and measurement of prevention. It explores how recent macroeconomic disruptions support the argument that growing financial integration has increased the need for providing accurate measures of long-run equilibrium exchange rates.
Reviewed in Moneta e Credito more than anything else, it is invaluable for promoting the debate on the appropriate levels of exchange rates and misalignments * Christopher Tsoukis, Journal of Development Studies * an invaluable compendium of the state of the debate on LRER and of RER misalighnments. It offers wide-ranging reviews of existing literature, concepts and techniques and is interesting in its eclectiscism of the most suitable concepts or estimation approaches for the questions at hand. * Christopher Tsoukis, Journal of Development Studies *