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
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Working Paper: The Dollar in the Turmoil (2009)
Working Paper: The dollar in the turmoil (2009)
Working Paper: The dollar in the turmoil (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jjieco:v:23:y:2009:i:4:p:427-436
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