EconPapers    
Economics at your fingertips  
 

The dollar in the turmoil

Agnès Benassy-Quere, Sophie Béreau (sophie.bereau@uclouvain.be) and Valérie Mignon (valerie.mignon@parisnanterre.fr)

Journal of the Japanese and International Economies, 2009, vol. 23, issue 4, 427-436

Abstract: We study the impact of the global financial crisis on the equilibrium exchange rate of the US dollar. We first simulate the impact of the crisis on the US net foreign asset position. Then, we calculate the equilibrium value of the dollar according both to a BEER and to a FEER approach. We find the case for a strong, although temporary, depreciation of the dollar even more acute than before the crisis. This suggests that the strength of the dollar in late 2008 and early 2009 may be short-lived.

Keywords: Equilibrium; exchange; rate; Global; imbalances; Crisis; Valuation; effects (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0889-1583(09)00035-5
Full text for ScienceDirect subscribers only

Related works:
Working Paper: The Dollar in the Turmoil (2009) Downloads
Working Paper: The dollar in the turmoil (2009)
Working Paper: The dollar in the turmoil (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jjieco:v:23:y:2009:i:4:p:427-436

Access Statistics for this article

Journal of the Japanese and International Economies is currently edited by Takeo Hoshi

More articles in Journal of the Japanese and International Economies from Elsevier
Bibliographic data for series maintained by Catherine Liu (repec@elsevier.com).

 
Page updated 2025-01-07
Handle: RePEc:eee:jjieco:v:23:y:2009:i:4:p:427-436