Issues in the Assessment of the Exchange Rates of Industrial Countries

International Monetary Fund

No 1984/004, IMF Occasional Papers from International Monetary Fund

Abstract: In its surveillance activities, the Fund is frequently confronted with the difficult problem of how to identify exchange rate behavior that is unrelated to underlying economic and financial conditions and, consequently, should be viewed with concern from a national or international standpoint. This paper considers the various issues related to this problem as it pertains to industrial countries, both those that have independently floating exchange rates and those that operate under other exchange arrangements.

Keywords: OP; exchange rate; market; market participant; fund staff; merit emphasis; real interest rate differential; current account position; Exchange rates; Current account; Labor costs; Current account balance; Real interest rates; Global; Eastern Europe (search for similar items in EconPapers)
Pages: 35
Date: 1984-07-08
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Citations: View citations in EconPapers (13)

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