Evaluating Historical CGER Assessments : How Well Have They Predicted Subsequent Exchange Rate Movements?

How Well Have They Predicted Subsequent Exchange Rate Movements?

Evaluating Historical CGER Assessments : How Well Have They Predicted Subsequent Exchange Rate Movements?
The IMF's Consultative Group on Exchange Rate issues (CGER) has been conducting exchange rate assessments as part of the surveillance process since 1997. This paper evaluates CGER assessments from 1997 to 2006, by comparing these to subsequent movements in real effective exchange rates (REER). We find that CGER's estimated misalignments have... READ MORE...

Publication date: February 2009
ISBN 9781451871791
$18.00

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