Exchange Rate Assessments: CGER Methodologies

Luca Ricci, Jonathan Ostry, Jaewoo Lee, Alessandro Prati and Gian Maria Milesi-Ferretti ()

No 2008/002, IMF Occasional Papers from International Monetary Fund

Abstract: The rapid increase in international trade and financial integration over the past decade and the growing importance of emerging markets in world trade and GDP have inspired the IMF to place stronger emphasis on multilateral surveillance, macro-financial linkages, and the implications of globalization. The IMF's Consultative Group on Exchange Rate Issues (CGER)--formed in the mid-1990s to provide exchange rate assessments for a number of advanced economies from a multilateral perspective--has therefore broadened its mandate to cover both key advanced economies and major emerging market economies. This Occasional Paper summarizes the methodologies that underpin the expanded analysis.

Keywords: OP; assessment; IMF staff country desk; IMF country desk level; currency misalignment; emerging market country; exchange rate misalignment; Current account balance; Current account; Real exchange rates; Foreign assets; Exchange rate assessments; Global; Eastern Europe; Asia and Pacific; Europe (search for similar items in EconPapers)
Pages: 33
Date: 2008-04-07
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Citations: View citations in EconPapers (220)

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