Global Equilibrium Exchange Rates : Euro, Dollar, 'Ins,' 'Outs,' and Other Major Currencies in a Panel Cointegration Framework »
Series: IMF Working Papers
Author(s): Susana Garcia Cervero , J. Lopez , Enrique Alberola Ila , and Angel Ubide
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 1999
Keywords: Equilibrium Exchange Rates, Panel Cointegration, exchange rate, cointegration, exchange rates, real exchange rate, statistics
This paper presents a methodology for calculating bilateral equilibrium exchange rates for a panel of currencies in a way that guarantees global consistency. The methodology has three parts: a theoretical model tha...