IS ASIA RESPONSIBLE FOR EXCHANGE RATE MISALIGNMENTS WITHIN THE G20?

Agnès Bénassy‐Quéré, Amina Lahrèche‐Révil and Valérie Mignon ()
Authors registered in the RePEc Author Service: Agnès Bénassy-Quéré

Pacific Economic Review, 2008, vol. 13, issue 1, 46-61

Abstract: Abstract. We use a panel data methodology to derive a consistent set of both real effective and bilateral exchange rate misalignments for the G20 currencies. As far as Asia is concerned, two conclusions can be drawn. First, according to our estimations, the five Asian countries in the sample had strongly undervalued currencies at the beginning of 2006. Second, a lack of exchange rate adjustment in Asia has limited impact on other misalignments against the US dollar. Indeed, bilateral misalignments between the USA and any other country mainly depend on real effective misalignments of both countries.

Date: 2008
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https://doi.org/10.1111/j.1468-0106.2007.00389.x

Related works:
Working Paper: Is Asia responsible for exchange-rate misalignments within the G20? (2008)
Working Paper: Is Asia responsible for exchange-rate misalignments within the G20? (2008)
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