Exchange rate misalignment: concepts and measurement for developing countries
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Oxford [u.a.]
Oxford Univ. Press
1999
|
| Edition: | 1. printing |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XVIII, 614 S. graph. Darst. |
| ISBN: | 019521126X |
Staff View
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV012580338 | ||
| 003 | DE-604 | ||
| 005 | 20000815 | ||
| 007 | t | ||
| 008 | 990528s1999 d||| |||| 00||| eng d | ||
| 020 | |a 019521126X |9 0-19-521126-X | ||
| 035 | |a (OCoLC)231823355 | ||
| 035 | |a (DE-599)BVBBV012580338 | ||
| 040 | |a DE-604 |b ger |e rakwb | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-12 |a DE-739 |a DE-703 |a DE-20 |a DE-1049 |a DE-Re13 | ||
| 050 | 0 | |a HG3877 | |
| 082 | 0 | |a 332.456091724 |2 21 | |
| 084 | |a QM 331 |0 (DE-625)141778: |2 rvk | ||
| 245 | 1 | 0 | |a Exchange rate misalignment |b concepts and measurement for developing countries |c Lawrence E. Hinkle ; Peter J. Montiel |
| 250 | |a 1. printing | ||
| 264 | 1 | |a Oxford [u.a.] |b Oxford Univ. Press |c 1999 | |
| 300 | |a XVIII, 614 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 650 | 4 | |a Entwicklungsländer | |
| 650 | 4 | |a Foreign exchange administration |z Developing countries | |
| 650 | 4 | |a Foreign exchange rates |z Developing countries | |
| 650 | 0 | 7 | |a Wechselkurs |0 (DE-588)4064921-0 |2 gnd |9 rswk-swf |
| 651 | 7 | |a Entwicklungsländer |0 (DE-588)4014954-7 |2 gnd |9 rswk-swf | |
| 655 | 7 | |8 1\p |0 (DE-588)4143413-4 |a Aufsatzsammlung |2 gnd-content | |
| 689 | 0 | 0 | |a Entwicklungsländer |0 (DE-588)4014954-7 |D g |
| 689 | 0 | 1 | |a Wechselkurs |0 (DE-588)4064921-0 |D s |
| 689 | 0 | |5 DE-604 | |
| 700 | 1 | |a Hinkle, Lawrence E. |e Sonstige |4 oth | |
| 700 | 1 | |a Montiel, Peter |d 1951- |e Verfasser |0 (DE-588)122247183 |4 aut | |
| 856 | 4 | 2 | |m SWB Datenaustausch |q application/pdf |u 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 |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-008543695 | ||
| 883 | 1 | |8 1\p |a cgwrk |d 20201028 |q DE-101 |u https://d-nb.info/provenance/plan#cgwrk | |
Record in the Search Index
| _version_ | 1804127230114136064 |
|---|---|
| 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
|
| any_adam_object | 1 |
| author | Montiel, Peter 1951- |
| author_GND | (DE-588)122247183 |
| author_facet | Montiel, Peter 1951- |
| author_role | aut |
| author_sort | Montiel, Peter 1951- |
| author_variant | p m pm |
| building | Verbundindex |
| bvnumber | BV012580338 |
| callnumber-first | H - Social Science |
| callnumber-label | HG3877 |
| callnumber-raw | HG3877 |
| callnumber-search | HG3877 |
| callnumber-sort | HG 43877 |
| callnumber-subject | HG - Finance |
| classification_rvk | QM 331 |
| ctrlnum | (OCoLC)231823355 (DE-599)BVBBV012580338 |
| dewey-full | 332.456091724 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.456091724 |
| dewey-search | 332.456091724 |
| dewey-sort | 3332.456091724 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 1. printing |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01859nam a2200445 c 4500</leader><controlfield tag="001">BV012580338</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20000815 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">990528s1999 d||| |||| 00||| eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">019521126X</subfield><subfield code="9">0-19-521126-X</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)231823355</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV012580338</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-Re13</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">HG3877</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">332.456091724</subfield><subfield code="2">21</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QM 331</subfield><subfield code="0">(DE-625)141778:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Exchange rate misalignment</subfield><subfield code="b">concepts and measurement for developing countries</subfield><subfield code="c">Lawrence E. Hinkle ; Peter J. Montiel</subfield></datafield><datafield tag="250" ind1=" " ind2=" "><subfield code="a">1. printing</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Oxford [u.a.]</subfield><subfield code="b">Oxford Univ. Press</subfield><subfield code="c">1999</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">XVIII, 614 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Entwicklungsländer</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Foreign exchange administration</subfield><subfield code="z">Developing countries</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Foreign exchange rates</subfield><subfield code="z">Developing countries</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Wechselkurs</subfield><subfield code="0">(DE-588)4064921-0</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="651" ind1=" " ind2="7"><subfield code="a">Entwicklungsländer</subfield><subfield code="0">(DE-588)4014954-7</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="655" ind1=" " ind2="7"><subfield code="8">1\p</subfield><subfield code="0">(DE-588)4143413-4</subfield><subfield code="a">Aufsatzsammlung</subfield><subfield code="2">gnd-content</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Entwicklungsländer</subfield><subfield code="0">(DE-588)4014954-7</subfield><subfield code="D">g</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Wechselkurs</subfield><subfield code="0">(DE-588)4064921-0</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Hinkle, Lawrence E.</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Montiel, Peter</subfield><subfield code="d">1951-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)122247183</subfield><subfield code="4">aut</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">SWB Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">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</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-008543695</subfield></datafield><datafield tag="883" ind1="1" ind2=" "><subfield code="8">1\p</subfield><subfield code="a">cgwrk</subfield><subfield code="d">20201028</subfield><subfield code="q">DE-101</subfield><subfield code="u">https://d-nb.info/provenance/plan#cgwrk</subfield></datafield></record></collection> |
| genre | 1\p (DE-588)4143413-4 Aufsatzsammlung gnd-content |
| genre_facet | Aufsatzsammlung |
| geographic | Entwicklungsländer (DE-588)4014954-7 gnd |
| geographic_facet | Entwicklungsländer |
| id | DE-604.BV012580338 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T18:30:02Z |
| institution | BVB |
| isbn | 019521126X |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-008543695 |
| oclc_num | 231823355 |
| open_access_boolean | |
| owner | DE-12 DE-739 DE-703 DE-20 DE-1049 DE-Re13 DE-BY-UBR |
| owner_facet | DE-12 DE-739 DE-703 DE-20 DE-1049 DE-Re13 DE-BY-UBR |
| physical | XVIII, 614 S. graph. Darst. |
| publishDate | 1999 |
| publishDateSearch | 1999 |
| publishDateSort | 1999 |
| publisher | Oxford Univ. Press |
| record_format | marc |
| 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 |
| url | 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 |
| work_keys_str_mv | AT hinklelawrencee exchangeratemisalignmentconceptsandmeasurementfordevelopingcountries AT montielpeter exchangeratemisalignmentconceptsandmeasurementfordevelopingcountries |