Journal ArticleDOI
Measuring misalignments in the Korean exchange rate
TLDR
In this article, the authors measure to what extent the real effective exchange rate of the Korean won is misaligned from its equilibrium value by estimating the equilibrium value using the behavioral equilibrium exchange rate approach.About:
This article is published in Japan and the World Economy.The article was published on 2012-12-01. It has received 11 citations till now. The article focuses on the topics: Exchange rate & Interest rate parity.read more
Citations
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Journal ArticleDOI
The behaviour of the real effective exchange rate of South Africa: Is there a misalignment?
TL;DR: In this article, the extent of misalignment of the real effective exchange rate (REER) of the South African rand was examined and it was shown that South Africa being an open emerging market economy closely linked with global m...
Posted ContentDOI
Exchange Rate Misalignment in Oil Exporting Countries (OPEC): Focusing on Iran
Amir H. Mozayani,Sanaz Parvizi +1 more
TL;DR: In this article, the authors investigated the existence and the nature of real exchange rate misalignment in Organization of the Petroleum Exporting Countries (OPEC) and found that all OPEC countries have had misalignments in their real exchange rates.
Posted Content
World Consistent Equilibrium Exchange Rates
TL;DR: In this article, a systematic analysis of the problem of world consistency when deriving equilibrium exchange rates is proposed. But the analysis is limited to 15 countries of the G20 in effective as well as bilateral terms and by varying the assumptions concerning the rest of the world and the numeraire currency.
Journal ArticleDOI
Real Exchange Rate Misalignment and Currency Crises
TL;DR: In this article, the real exchange rate misalignment (RERM) of the rupiah was calculated to examine the role of misalignments in exchange rate crises in Indonesia.
Journal Article
The Impact of the Chinese Renminbi on Korean and Japanese Exports to the United States
TL;DR: In this article, the authors examined the impacts of the real exchange rates of the Chinese renminbi against the US dollar on Japanese and Korean exports to the United States, and found that the impact of renmonbi on the export functions of the two countries was different.
References
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Book
Likelihood-Based Inference in Cointegrated Vector Autoregressive Models
TL;DR: In this paper, a detailed mathematical and statistical analysis of the cointegrated vector autoregresive model is given, with the main emphasis on the derivation of estimators and test statistics through a consistent use of the Guassian likelihood function.
Journal ArticleDOI
The Purchasing-Power Parity Doctrine: A Reappraisal
TL;DR: The purchasing power parity (HIE) doctrine has had its ebbs and flows I over the years as mentioned in this paper and it has also had its critics, among others Taussig after World War J4 and Haberler after WWIJ,5 but it has managed to survive nevertheless.
Posted Content
Dealing with Structural Breaks
TL;DR: In this paper, a review of methods related to estimation and inference about break dates for single equations with or without restrictions, with extensions to multi-equations systems where allowance is also made for changes in the variability of the shocks, tests for structural changes including tests for a single or multiple changes and tests valid with unit root or trending regressors, and tests for changes of the trend function of a series that can be integrated or trend-stationary.
Book ChapterDOI
Exchange Rates and Economic Fundamentals: A Methodological Comparison of Beers and Feers
TL;DR: The analysis of exchange rate behavior has been a perennial topic in international monetary economics as discussed by the authors, and one strand of this literature relates to the explanation of observed movements in nominal and real exchange rates in terms of relevant economic variables, while another strand focuses on assessing exchange rates relative to economic fundamentals and coming to a judgement as to whether a particular exchange rate is misaligned, i.e., over- or undervalued.