Exchange rate misalignment: concepts and measurement for developing countries
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Oxford [u.a.]
Oxford Univ. Press
1999
|
| Ausgabe: | 1. printing |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XVIII, 614 S. graph. Darst. |
| ISBN: | 019521126X |
Internformat
MARC
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| 245 | 1 | 0 | |a Exchange rate misalignment |b concepts and measurement for developing countries |c Lawrence E. Hinkle ; Peter J. Montiel |
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Datensatz im Suchindex
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|---|---|
| adam_text | TABLE OF CONTENTS FOREWORD IX PREFACE XII ACKNOWLEDGMENTS XIV ABOUT THE
AUTHORS XVI ACRONYMS AND ABBREVIATIONS XVII 1. EXCHANGE RATE
MISALIGNMENT: AN OVERVIEW 1 PETER J. MONTICL AND LAWRENCE E. HINKLE THE
REAL EXCHANGE RATE: CONCEPTS AND MEASUREMENT 4 DETERMINANTS OF THE
EQUILIBRIUM REAL EXCHANGE RATE 10 METHODOLOGIES FOR ESTIMATING THE
EQUILIBRIUM RER: EMPIRICAL APPLICATIONS 14 POLICY AND OPERATIONAL
CONSIDERATIONS 28 CONCLUSIONS 32 PART I: THE REAL EXCHANGE RATE:
CONCEPTS AND MEASUREMENT 2. EXTERNAL REAL EXCHANGE RATES: PURCHASING
POWER PARITY, THE MUNDELL-FLEMING MODEL, AND COMPETITIVENESS IN TRADED
GOODS 41 LAWRENCE E. HINKLE AND FABIEN R SENGIYUMVA COMMON FEATURES OF
ALL EXTERNAL REAL EXCHANGE RATE INDEXES 43 MEASUREMENT OF THE DIFFERENT
RER CONCEPTS: CHOOSING APPROPRIATE PRICE OR COST INDEXES 72 COMPARISON
OF ALTERNATIVE EXTERNAL RER MEASURES: COMPETITIVENESS AND THE TERMS OF
TRADE 86 SUMMARY AND CONCLUSIONS 92 APPENDIX A: INTERNATIONAL COMPARISON
PROGRAMME EXCHANGE RATES 99 APPENDIX B: THE RELATIONSHIP BETWEEN
PROFITABILITY, COMPETITIVENESS, AND THE DIFFERENT EXTERNAL RERS 105 3.
THE TWO-GOOD INTERNAL RER FOR TRADABLES AND NONTRADABLES 113 LAWRENCE E.
HINKLE AND FABIEN NSENGIYUMVA THE TWO-GOOD INTERNAL RER FOR TRADABLES
AND NONTRADABLES: CONCEPTS AND MEASUREMENT 116 VI EXCHANGE RATE
MISALIGNMENT THE RELATIONSHIP BETWEEN THE EXTERNAL RER AND THE TWO-GOOD
INTERNAL RER 129 EXTERNAL RERS AS PROXIES FOR THE TWO-GOOD INTERNAL RER
141 SUMMARY 152 APPENDIX: DIRECT ESTIMATION OF THE INTERNAL RER FROM
NATIONAL ACCOUNTS DATA 155 4. THE THREE-GOOD INTERNAL RER FOR EXPORTS,
IMPORTS, AND DOMESTIC GOODS 1 75 LAWRENCE E, HINKLE AND FABIEN
NSENGIYUMVA THE THREE-GOOD INTERNAL RERS FOR IMPORTS AND EXPORTS:
CONCEPTS AND MEASUREMENT 176 THE TERMS OF TRADE, THE INTERNAL RERS FOR
IMPORTS AND EXPORTS, AND THE EXTERNAL RER 186 SUMMARY AND CONCLUSION 201
APPENDIX A: THE RELATIONSHIP BETWEEN THE INTERNAL RER FOR IMPORTS, THE
EXTERNAL RER, AND THE TERMS OF TRADE 209 APPENDIX B: AN ADDITIONAL
POSSIBLE PROXY FOR THE THREE-GOOD INTERNAL RER 212 PART II: DETERMINANTS
OF THE EQUILIBRIUM REAL EXCHANGE RATE 5. THE LONG-RUN EQUILIBRIUM REAL
EXCHANGE RATE: CONCEPTUAL ISSUES AND EMPIRICAL RESEARCH 219 PETER J.
MONTIEL CONCEPTUAL ISSUES 220 EMPIRICAL ESTIMATION: INDUSTRIAL COUNTRIES
233 EMPIRICAL ESTIMATION: DEVELOPING COUNTRIES 254 SUMMARY 260 6.
DETERMINANTS OF THE LONG-RUN EQUILIBRIUM REAL EXCHANGE RATE: AN
ANALYTICAL MODEL 264 PETER J. MONTIEL THE ANALYTICAL FRAMEWORK 266 THE
LONG-RUN EQUILIBRIUM REAL EXCHANGE RATE 274 LONG-RUN FUNDAMENTALS 278
SUMMARY AND CONCLUSIONS 289 PART III: METHODOLOGIES FOR ESTIMATING THE
EQUILIBRIUM RER: EMPIRICAL APPLICATIONS 7. ESTIMATING THE EQUILIBRIUM
REAL EXCHANGE RATE EMPIRICALLY: OPERATIONAL APPROACHES 293 THEODORE O.
AHLERS AND LAWRENCE E. HINKLE CONTEXTS T II THE RELATIVE PPP-BASED
APPROACH TO RER MISALIGNMENT 296 THE TRADE-EQUATIONS APPROACH:
ESTABLISHING THE QUANTITATIVE RELATIONSHIP BETWEEN THE RER AND THE
RESOURCE BALANCE 313 DETERMINING THE TARGET RESOURCE BALANCE 321
ADJUSTING THE INITIAL RESOURCE BALANCE 333 CONCLUSION: ADVANTAGES AND
LIMITATIONS OF THE TRADE-EQUATIONS METHODOLOGY 342 APPENDIX A: THE RER,
TRADE-ELASTICITIES, RESOURCE BALANCE RELATIONSHIP IN A THREE-GOOD
FRAMEWORK 345 APPENDIX B: REPRESENTATIVE ESTIMATES OF THE INCOME
ELASTICITY OF DEMAND FOR IMPORTS 354 APPENDIX C: FORMULAS FOR EXCHANGE
RATE APPRECIATION, DEPRECIATION, AND MISALIGNMENT IN DOMESTIC- AND
FOREIGN- CURRENCY TERMS 356 8. ESTIMATES OF REAL EXCHANGE RATE
MISALIGNMENT WITH A SIMPLE GENERAL-EQUILIBRIUM MODEL 359 SHANTAYANAN
DEVARAJAN THE DLR MODEL 361 APPLYING THE DLR MODEL TO THE PRE-1994 CFA
ZONE 365 SENSITIVITY ANALYSES AND EXTENSIONS 372 CONCLUSION 378
APPENDIX: THE DLR MODEL 380 9. LONG-RUN REAL EXCHANGE RATE CHANGES IN
DEVELOPING COUNTRIES: SIMULATIONS FROM AN ECONOMETRIC MODEL 381 NADEEM
UL HAQUE AND PETER}. MONTIEL A BRIEF DESCRIPTION OF THE MODEL 383
DOMESTIC POLICY SHOCKS 391 EXTERNAL SHOCKS 395 SUMMARY AND CONCLUSIONS
398 APPENDIX: AN APPLICATION TO THAILAND 402 10. SINGLE-EQUATION
ESTIMATION OF THE EQUILIBRIUM REAL EXCHANGE RATE 405 JOHN BAFFES,
IBRAHIM A. ELBADAWI, AND STEPHEN A. O CONNELL STEP ONE: MODELING THE
EQUILIBRIUM REAL EXCHANGE RATE 407 A BRIEF DETOUR: MOTIVATING THE
SINGLE-EQUATION APPROACH 418 STEP TWO: ESTIMATION 425 STEP THREE:
CALCULATING THE EQUILIBRIUM REAL EXCHANGE RATE 443 CONCLUSIONS 452
APPENDIX A: CONDITIONING AND WEAK EXOGENEITY 456 APPENDIX B: DATA
DESCRIPTION 459 APPENDIX C: SUSTAINABLE FUNDAMENTALS 461 VIII EXCHANGE
RATE MISALIGNMENT PART IV: POLICY AND OPERATIONAL CONSIDERATIONS 11. THE
THREE PESSIMISMS: REAL EXCHANGE RATES AND TRADE FLOWS IN DEVELOPING
COUNTRIES 467 NITA GHEI AND LANT PRITCHETT THE IMPORT RESPONSE TO A REAL
DEPRECIATION 470 EXPORT DEMAND PESSIMISM 482 THE EXPORT SUPPLY RESPONSE
TO RER MOVEMENTS 485 SUMMARY AND CONCLUSION 494 12. THE USE OF THE
PARALLEL MARKET RATE AS A GUIDE TO SETTING THE OFFICIAL EXCHANGE RATE
497 NITA GHEI AND STEVEN B. KAMIN ESSENTIAL CHARACTERISTICS OF PARALLEL
EXCHANGE MARKETS 499 A SIMPLE MODEL OF PARALLEL EXCHANGE RATE
DETERMINATION 505 TRENDS IN OFFICIAL AND PARALLEL REAL EXCHANGE RATES
522 SUMMARY AND CONCLUSIONS 532 APPENDIX: SENSITIVITY OF RESULTS TO
CHOICE OF REAL EXCHANGE RATE 535 13. A NOTE ON NOMINAL DEVALUATIONS,
INFLATION, AND THE REAL EXCHANGE RATE 539 NITA GHEI AND LAWRENCE E.
HINKLE DEVALUATIONS, INFLATION, AND THE EXTERNAL RER: THE STYLIZED FACTS
544 AN ACCOUNTING FRAMEWORK FOR DETERMINING CONSISTENT NOMINAL AND
RELATIVE PRICES 552 CONCLUSION: ADVANTAGE AND LIMITATIONS OF THE
CONSISTENCY FRAMEWORK 570 APPENDIX: THE ACCOUNTING FRAMEWORK FOR THE
TWO-GOOD INTERNAL RER 573 REFERENCES 587 INDEX
|
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| spelling | Exchange rate misalignment concepts and measurement for developing countries Lawrence E. Hinkle ; Peter J. Montiel 1. printing Oxford [u.a.] Oxford Univ. Press 1999 XVIII, 614 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Entwicklungsländer Foreign exchange administration Developing countries Foreign exchange rates Developing countries Wechselkurs (DE-588)4064921-0 gnd rswk-swf Entwicklungsländer (DE-588)4014954-7 gnd rswk-swf 1\p (DE-588)4143413-4 Aufsatzsammlung gnd-content Entwicklungsländer (DE-588)4014954-7 g Wechselkurs (DE-588)4064921-0 s DE-604 Hinkle, Lawrence E. Sonstige oth Montiel, Peter 1951- Verfasser (DE-588)122247183 aut SWB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008543695&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Montiel, Peter 1951- Exchange rate misalignment concepts and measurement for developing countries Entwicklungsländer Foreign exchange administration Developing countries Foreign exchange rates Developing countries Wechselkurs (DE-588)4064921-0 gnd |
| subject_GND | (DE-588)4064921-0 (DE-588)4014954-7 (DE-588)4143413-4 |
| title | Exchange rate misalignment concepts and measurement for developing countries |
| title_auth | Exchange rate misalignment concepts and measurement for developing countries |
| title_exact_search | Exchange rate misalignment concepts and measurement for developing countries |
| title_full | Exchange rate misalignment concepts and measurement for developing countries Lawrence E. Hinkle ; Peter J. Montiel |
| title_fullStr | Exchange rate misalignment concepts and measurement for developing countries Lawrence E. Hinkle ; Peter J. Montiel |
| title_full_unstemmed | Exchange rate misalignment concepts and measurement for developing countries Lawrence E. Hinkle ; Peter J. Montiel |
| title_short | Exchange rate misalignment |
| title_sort | exchange rate misalignment concepts and measurement for developing countries |
| title_sub | concepts and measurement for developing countries |
| topic | Entwicklungsländer Foreign exchange administration Developing countries Foreign exchange rates Developing countries Wechselkurs (DE-588)4064921-0 gnd |
| topic_facet | Entwicklungsländer Foreign exchange administration Developing countries Foreign exchange rates Developing countries Wechselkurs Aufsatzsammlung |
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