Exchange rate misalignment : concepts and measurement for developing countries
著者
書誌事項
Exchange rate misalignment : concepts and measurement for developing countries
(A World Bank research publication)
Oxford University Press, 1999
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注記
Includes bibliographical references (p. 587-604) and index
内容説明・目次
内容説明
The 1994 devaluation of CFA francs in West Africa, the Mexican currency crisis in that same year, and the Asian crises that erupted in mid-1997 are reminders of the severe dislocations that can be caused by exchange rate misalignment. However a consensus on the importance of preventing exchange rate misalignment has not provided systematic guidance on definitions and measurement. Recent macroeconomic disruptions support the argument that growing financial integration
has increased the urgency of providing accurate measures of long-run equilibrium exchange rates. For its analytical depth and its practical techniques for measurement, Exchange Rate Misalignment is an invaluable resource for policymakers and foreign exchange specialists in both the public and
private sectors.
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