Exchange Rates and Economic Fundamentals : A Methodological Comparison of BEERs and FEERs

A Methodological Comparison of BEERs and FEERs

Exchange Rates and Economic Fundamentals : A Methodological Comparison of BEERs and FEERs
This paper compares two approaches for examining the extent to which a country's actual real effective exchange rate is consistent with economic fundamentals: the FEER approach, which involves calculating the real exchange rate that equates the current account at full employment with sustainable net capital flows, and the BEER approach, which... READ MORE...

Publication date: May 1998
ISBN 9781451961683
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