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Effective exchange rates, current accounts and global imbalances : conference paper

Beckmann, Joscha; Czudaj, Robert - 2014

This study analyzes the dynamics between real effective exchange rates and current account patterns from a novel perspective. We start by dissecting long-run and time-varying short-run dynamics between both variables. Following this, we extend our framework by including interest rates into our...

Persistent link: https://www.econbiz.de/10010483886

Global imbalances and the external solvency of nations

Bleaney, Michael F.; Tian, Mo - 2014

Global current account imbalances were a major subject of concern in the years before the recent financial crisis. It is shown that the expected (negative) equilibrium relationship between net foreign assets and the trade balance that had held in the previous twenty years appeared to break down...

Persistent link: https://www.econbiz.de/10010382090

The level REER model in the external balance assessment (EBA) methodology

Mano, Rui; Osorio Buitron, Carolina; Ricci, Luca Antonio; … - 2019

This paper offers an empirical model of the drivers of the level of the Real Effective Exchange Rate (REER) that is now part of the IMF's methodology for the assessment of external positions, including exchange rates. It constructs a measure of the level of the REER and it offers a panel...

Persistent link: https://www.econbiz.de/10012103681

Effective exchange rates, current accounts and global imbalances

Beckmann, Joscha; Czudaj, Robert - 2016

geldpolitische Schocks in die Analyse mit einzubeziehen. Abschließend werden Wechselkurs- und Leistungsbilanzdynamiken in Form von … einer Verschlechterung der Leistungsbilanz einhergeht. Das Anpassungsmuster verändert sich jedoch über die Zeit und deutet … darauf hin, dass die Kausalität in erster Linie von effektiven Wechselkursen in Richtung Leistungsbilanz läuft. Eine …

Persistent link: https://www.econbiz.de/10011440876

Capital flows, the current account, and the real exchange rate : consequences of liberalization and stabilization

Obstfeld, Maurice - 1984

Persistent link: https://www.econbiz.de/10002582731

Capital Flows, the Current Account, and the Real Exchange Rate : Consequences of Liberalization and Stabilization

Obstfeld, Maurice - 2021

This paper develops a dynamic framework in which macroeconomic liberalization and stabilization measures of the type recently seen in Latin America can be studied. The model is sufficiently general to cover both polar cases of a closed capital account and free private capital mobility, so the...

Persistent link: https://www.econbiz.de/10013243955

Capital Flows, the Current Account, and the Real Exchange Rate : Consequences of Liberalization and Stabilization

Obstfeld, Maurice - 1984

Persistent link: https://www.econbiz.de/10012477560

The role of exchange rate for current account: a panel data analysis

Vieira, Flavio Vilela; MacDonald, Ronald - In: Economia : revista da ANPEC 21 (2020) 1, pp. 57-72

The goal of this paper is to address the role of the real effective exchange rate (fundamentals, misalignment and volatility) for the current account using a panel data analysis for a set of 58 countries, over the period of 1994-2014. The results suggest that exchange rate misalignment is...

Persistent link: https://www.econbiz.de/10012287467

Exchange rate misalignments and global imbalances

Mazier, Jacques; Saadaoui, Jamel - In: Global imbalances and financial capitalism : …, (pp. 38-70). 2020

Persistent link: https://www.econbiz.de/10012252489

Effective Exchange Rates, Current Accounts and Global Imbalances

Beckmann, Joscha - 2016

This study analyzes the dynamics between real effective exchange rates and current accounts from a novel perspective. We start by dissecting long-run and time-varying short-run dynamics as well as causalities between both variables. Following this, we extend our framework by including short-term...

Persistent link: https://www.econbiz.de/10012995379

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