Exchange Rate Misalignments at World and European Levels: A FEER Approach

Seeun Jeong, Jacques Mazier and Jamel Saadaoui
Additional contact information
Seeun Jeong: CNU - Chungnam National University
Jacques Mazier: CEPN - Centre d'Economie de l'Université Paris Nord - UP13 - Université Paris 13 - USPC - Université Sorbonne Paris Cité - CNRS - Centre National de la Recherche Scientifique, UA - Université d'Angers

Post-Print from HAL

Abstract: Since the mid-1990s, we observe an increase of world current account imbalances. These imbalances have only been partially reduced since the burst of the crisis in 2007. They reflect, to some extent, exchange rate misalignments, an issue which has been frequently studied in the literature. However, these imbalances, which have reinforced in the 2000s, are also important inside the Euro area. This analysis cannot be reduced to simple estimates of euro misalignment at the world level because of the specific constraints that exist for each member of the Euro area. This article aims to examine to what extent the intra-European imbalances reflect exchange rate misalignments for each "national euro".

Keywords: Equilibrium Exchange Rate; Current Account Balance; Macroeconomic Balance (search for similar items in EconPapers)
Date: 2010-03-27
References: Add references at CitEc
Citations: View citations in EconPapers (74)

Published in SSRN : Social Science Research Network, 2010, pp.53. ⟨10.2139/ssrn.1933260⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Exchange Rate Misalignments at World and European Levels: a FEER Approach (2010)
Working Paper: Exchange Rate Misalignments at World and European Levels: a FEER Approach (2010)
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:hal:journl:hal-02169238

DOI: 10.2139/ssrn.1933260

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().