Exchange Rate Misalignments and International Imbalances a FEER Approach for Emerging Countries

Nabil Aflouk, Se-Eun Jeong, Jacques Mazier and Jamel Saadaoui

International Economics, 2010, issue 124, 31-74

Abstract: The objective of this paper is to examine the exchange rate misalignments (ERM) of the main emerging countries in Asia and Latin America since the 1980s, so as to shed light on the 2000s by a long term analysis and compare with the industrialized countries’ case. Our results confirm that ERM have been reduced since the mid-2000s at the world level, but the dollar remained overvalued against the East Asian countries, except the yen.

Keywords: Equilibrium Exchange Rate; Current Account Balance; Macroeconomic Balance; Emerging Countries (search for similar items in EconPapers)
JEL-codes: F31 F32 O11 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (21)

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Persistent link: https://EconPapers.repec.org/RePEc:cii:cepiie:2010-q4-124-2

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