Exchange Rate Assessments: Methodologies for Oil Exporting Countries
Are the current account fluctuations in oil-exporting countries ""excessive""? How should their real exchange rate respond to the evolution of external (and domestic) fundamentals? This paper proposes methodologies tailored to the specific features of oil-exporting countries that...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2009
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Schriftenreihe: | IMF Working Papers
Working Paper No. 09/281 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Are the current account fluctuations in oil-exporting countries ""excessive""? How should their real exchange rate respond to the evolution of external (and domestic) fundamentals? This paper proposes methodologies tailored to the specific features of oil-exporting countries that help address these questions. Price-based methodologies (based on the time series of real effective exchange rates) identify a strong link between the real exchange rate and the terms of trade, but have relatively limited explanatory power. On the other hand, an empirical model of the current account, which fits oil exporting countries'' data well, and an intertemporal model that takes into account the stock of oil reserves provide useful benchmarks for oil exporters'' external balances |
Beschreibung: | 1 Online-Ressource (35 p) |
ISBN: | 145187426X 9781451874266 |
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spelling | Carvalho Filho, Irineu E. Verfasser aut Exchange Rate Assessments Methodologies for Oil Exporting Countries Carvalho Filho, Irineu E Washington, D.C International Monetary Fund 2009 1 Online-Ressource (35 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 09/281 Are the current account fluctuations in oil-exporting countries ""excessive""? How should their real exchange rate respond to the evolution of external (and domestic) fundamentals? This paper proposes methodologies tailored to the specific features of oil-exporting countries that help address these questions. Price-based methodologies (based on the time series of real effective exchange rates) identify a strong link between the real exchange rate and the terms of trade, but have relatively limited explanatory power. On the other hand, an empirical model of the current account, which fits oil exporting countries'' data well, and an intertemporal model that takes into account the stock of oil reserves provide useful benchmarks for oil exporters'' external balances Online-Ausg Bems, Rudolfs Sonstige oth http://elibrary.imf.org/view/IMF001/10617-9781451874266/10617-9781451874266/10617-9781451874266.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Carvalho Filho, Irineu E. Exchange Rate Assessments Methodologies for Oil Exporting Countries |
title | Exchange Rate Assessments Methodologies for Oil Exporting Countries |
title_auth | Exchange Rate Assessments Methodologies for Oil Exporting Countries |
title_exact_search | Exchange Rate Assessments Methodologies for Oil Exporting Countries |
title_exact_search_txtP | Exchange Rate Assessments Methodologies for Oil Exporting Countries |
title_full | Exchange Rate Assessments Methodologies for Oil Exporting Countries Carvalho Filho, Irineu E |
title_fullStr | Exchange Rate Assessments Methodologies for Oil Exporting Countries Carvalho Filho, Irineu E |
title_full_unstemmed | Exchange Rate Assessments Methodologies for Oil Exporting Countries Carvalho Filho, Irineu E |
title_short | Exchange Rate Assessments |
title_sort | exchange rate assessments methodologies for oil exporting countries |
title_sub | Methodologies for Oil Exporting Countries |
url | http://elibrary.imf.org/view/IMF001/10617-9781451874266/10617-9781451874266/10617-9781451874266.xml |
work_keys_str_mv | AT carvalhofilhoirineue exchangerateassessmentsmethodologiesforoilexportingcountries AT bemsrudolfs exchangerateassessmentsmethodologiesforoilexportingcountries |