Lee, Jungjin; Abiad, Abdul; Kannan, Prakash - International Monetary Fund (IMF) - 2009
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)....