Exchange rate misalignment : concepts and measurement for developing countries

The study cautiously identifies exchange rate misalignment as an important element in most of the exchange rate crises that plagued the developing world during the last decade. Given that the increasing integration of world capital markets, has escalated the costs of such crises, a broad consensus e...

• Main Author: Hinkle, Lawrence E
• Corporate Author: Banco Mundial
• Other Authors: Montiel, Peter J
• Format: Book
• Published: New York, N.Y. Oxford University Press 1999
• Series: A World Bank research publication
• Subjects: POLITICA DE CAMBIOS; TIPO DE CAMBIO; MODELOS ECONOMETRICOS; PAISES EN DESARROLLO; CAMBIO EXTERIOR; TERCER MUNDO

Table of Contents:

• Foreword
• About the authors
• Acknowledgments
• Acronyms and abbreviations
• 1. Exchange rate misalignment: an overview / Peter J. Montiel and Lawrence E. Hinkle
• Pt. 1. The real exchange rate: concepts and measure: 2. External real exchange rates: purchasing power parity, the mundell-fleming model, and competitiveness in traded goods / Lawrence E. Hinkle and Fabien Nsengiyumva
• 3. The two-good internal RER for tradables and nontradables / Lawrence E. Hinkle and Fabien Nsengiyumva
• 4. The three-good internal RER for exports, imports, and domestic goods / Lawrence E. Hinkle and Fabien Nsengiyumva
• Pt. 2. Determinants of the equilibrium real exchange rate
• 5. The long-run equilibrium real exchange rate: conceptual issues and empirical research / Peter j. Montiel
• 6. Determinants of the Long-Run equilibrium real exchange rate: an analytical model / Peter J. Montiel
• Pt. 3. Methodologies for estimating the equilibrium RER: empirical applications
• 7. Estimating the equilibrium real exchange rate empirically operational approaches / Theodore O. Ahlers and Lawrence e. Hinkle
• 8. Estimates of real exchange rate misalignment with a simple general-equilibrium model / Shantayanan Devarajan
• 9. Long-Run real exchange rate changes in developing countries: simulations from an econometric model / Nadeem Ul haque and Peter J. Montiel
• 10. Single-equation estimation of the equilibrium real exchange rate / John Baffes, Ibrahim A. Elbadawi, and Stephen A. O' Connell
• Pt. 4. Policy and operational considerations
• 11. The three pessimisms: real exchange rates and trade flows in developing countries / Nita Ghei and Lant Pritchett
• 12. The use of the parallel market rate as a guide to setting the offiecial exchange rate / Nita Ghei and Steven B. Kamin
• 13. A note on nominal devaluations. inflation, and the real exchange rate / Nita Ghei and Lawrence E. Hinkle
• References
• Index.