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IV A Globally Consistent Conceptual Framework

IV A Globally Consistent Conceptual Framework »

Source: Exchange Rate Assessment : Extension of the Macroeconomic Balance Approach

Series: Occasional Papers

Author(s): Peter Isard , and Hamid Faruqee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 1998

ISBN: 9781557757319

Keywords: Exchange rates, current account, exchange rate, real exchange rate, current accounts

The conceptual framework described in Section II emphasizes the fact that the current account can be viewed from at least two different perspectives. On the one hand, the current account is the result of int...

VII Methodology for Calculating Equilibrium Exchange Rates and Question of Global Consistency

VII Methodology for Calculating Equilibrium Exchange Rates and Question of Global Consistency »

Source: Exchange Rate Assessment : Extension of the Macroeconomic Balance Approach

Series: Occasional Papers

Author(s): Peter Isard , and Hamid Faruqee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 1998

ISBN: 9781557757319

Keywords: Exchange rates, current account, exchange rate, real exchange rate, current accounts

As described in Section II, the first two steps in the exchange rate assessment process generate estimates of underlying current account positions and of equilibrium saving-investment or current account bala...