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Estimating Equilibrium Exchange Rates - John Williamson

Estimating Equilibrium Exchange Rates

Paperback Published: 1st September 1994
ISBN: 9780881320763
Number Of Pages: 300
For Ages: 22+ years old

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The problems of exchange rate misalignments and the resulting payments imbalances have plagued the world economy for decades. At the Louvre Accord of 1987, the Group of Five industrial countries adopted a system of reference ranges for exchange rate management, influenced by proposals of C. Fred Bergstan and John Williamson for a target zone system. The reference range approach has, however, been operated only intermittently and half-heartedly, and questions continue to be raised in policy and scholarly circles about the design and operation of a full-fledged target zone regime. This volume, with chapters by leading international economists, explores one crucial issue in the design of a target zone system: the problem of calculating Williamson's concept of the fundamental equilibrium exchange rate (FEER). Williamson contributes an overview of the policy and analytic issues and a second chapter on his own calculations.

ISBN: 9780881320763
ISBN-10: 0881320765
Audience: Professional
For Ages: 22+ years old
Format: Paperback
Language: English
Number Of Pages: 300
Published: 1st September 1994
Country of Publication: US
Dimensions (cm): 23.27 x 15.6  x 1.58
Weight (kg): 0.45