New Rates from New Weights

Tamim A Bayoumi, Jaewoo Lee () and Sarma Jayanthi
Additional contact information
Sarma Jayanthi: International Monetary Fund

IMF Staff Papers, 2006, vol. 53, issue 2, pages 4

Abstract: This paper describes the result and the methodology of updating nominal and real effective exchange rate weights on the basis of trade data from 1999 to 2001. The underlying framework is an updated version of the IMF's current effective exchange rate calculation, which uses weights largely based on 1989-91 data. Since then, substantial changes have occurred in international trade relations, warranting a recalculation of effective exchange rate indices on the basis of new trade patterns. Updated weights show that the United States and developing countries (most notably China) have grown in their importance in global trade, while Japan and the European Union have declined, with substantial implications for the path of the dollar and exchange rate effects of emerging market crises since 1995. Copyright 2006, International Monetary Fund

JEL-codes: F10 F30 (search for similar items in EconPapers)
Date: 2006
View list of references View citations in EconPapers

Downloads: (external link)
http://www.imf.org/External/Pubs/FT/staffp/2006/02/pdf/bayoumi.pdf main text (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Working Paper: New Rates from New Weights (2005)
Working Paper: New Rates from New Weights (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Ordering information: This journal article can be ordered from
Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
http://www.palgrave- ... subscribe/index.html

Access Statistics for this article

More articles in IMF Staff Papers from Palgrave Macmillan Journals
Series data maintained by Elizabeth Gale ().