This view of the CNY/USD exchange rate equilibrium represents conventional wisdom. China's currency is slightly undervalued against the dollar and she needs to continue to take incremental steps ...

Based on the foregoing arguments, the fundamental equilibrium exchange rate (FEER) of a country under floating becomes endogenous to the market reaction to the country’s policy stance, since its ...

Jim O'Neill, the Goldman Sachs economist who coined the acronym BRICs, is the leading expert on emerging markets. He also has a profound understanding of foreign exchange markets and he earned his ...

This paper proposes a network model of multilaterally equilibrium exchange rates. The model introduces a topological component into the exchange rate analysis, consistently taking into account ...

A stylized fact of the transition process is an early profound exchange rate depreciation followed by continuing real appreciation. Absent historical reference points, it is difficult to judge whether ...

Under mild assumptions, the data indicate that fluctuations in nominal interest rate differentials across currencies are primarily fluctuations in time-varying risk. This finding is an immediate ...

Béla Balassa, Paul Samuelson, and John Williamson were among the earliest economists to estimate the real exchange-rate equilibrium that, in a perfect world, also reflects the balance-of-payments ...

M. Ali Kemal, Usman Qadir, Real Exchange Rate, Exports, and Imports Movements: A Trivariate Analysis, The Pakistan Development Review, Vol. 44, No. 2 (Summer 2005 ...

Piper, Thomas R. "Exchange Rate Determination and Foreign Exchange Equilibrium Conditions, Study Note." Harvard Business School Background Note 282-052, January 1982 ...

Exchange rate nears equilibrium, Black market withers September 2004 A little more than a year and a half after former prime minister Atef Ebeid announced the so-called "free float" of the local ...