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N°124 |
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| Issue 4 2010 |
|
Exchange Rate Misalignments
and International Imbalances
a FEER Approach
for Emerging Countries |
|
Nabil Aflouk
Se-Eun Jeong
Jacques Mazier
Jamel Saadaoui |
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| The objective of this paper is to examine the exchange rate misalignments (ERM)
of the main emerging countries in Asia and Latin America since the 1980s, so as to shed light
on the 2000s by a long term analysis and compare with the industrialized countries’ case.
Our results confirm that ERM have been reduced since the mid-2000s at the world level, but
the dollar remained overvalued against the East Asian countries, except the yen. |
Abstract |
| |
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| Equilibrium Exchange Rate; Current Account Balance;
Macroeconomic Balance; Emerging Countries |
Keywords |
| F31; F32; O11 |
JEL classification |
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Order form |
