differently across member countries due to inflation discrepancies. In this paper, we assess real exchange rate misalignments for … appreciation has not matched an improvement in their economic fundamentals. Moreover, currency misalignments have widened for all … member countries on average since the monetary union, while becoming more persistent. We also highlight that misalignments …

the peripheral countries. In this paper, we assess real exchange rate misalignments for euro area countries by using a … not stemmed from improving fundamentals in terms of productivity or external position. In addition, currency misalignments … worryingly, our findings highlight different patterns across members, as misalignments have been larger and more persistent in …

according to the BEER approach (Behavioural Equilibrium Exchange Rate). Examination of the CFA Franc estimated misalignments … appreciation of the euro, becoming almost zero in 2009. Our results also reveal heterogeneous misalignments across exchange rates … level of overvaluation comparable to that observed in 1993. By studying the sources of CFA misalignments, we show the …

We evaluate the growth effects of real effective exchange rate misalignments for the G20 countries over the period 1980 … which misalignments are derived. Second, we estimate a dynamic panel growth model in which among the traditional … determinants of growth, our measure of misalignments is included. Our findings put forward some important differences between …

We evaluate the growth effects of real effective exchange rate misalignments for the G20 countries over the period 1980 … which misalignments are derived. Second, we estimate a dynamic panel growth model in which among the traditional … determinants of growth, our measure of misalignments is included. Our findings put forward some important differences between …

In this paper, we analyse currencies' misalignments of the CFA zone countries and the adjustment process of their real …

Currency misalignments have been one of the focal points of interest in the literature devoted to the CFA Franc zone …

effective exchange rates and currency misalignments for the US and its 16 major trading partners. We apply cointegration and …