Estimating Iceland's Real Equilibrium Exchange Rate

WPIEA2007276 Image
Price:  $18.00

Author/Editor: Robert Tchaidze
Release Date: © December, 2007
ISBN : 978-1-45186-839-5
Stock #: WPIEA2007276
English
Stock Status: On back-order

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Description

Given recent developments in Iceland, this paper evaluates its real exchange rate disequilibrium. It discusses three approaches to estimating the equilibrium values and suggests that the adjustment needed to bring the real exchange rate in line with fundamentals is in the range of 15-25 percent, although timing and manner of this adjustment is unclear.

Taxonomy

Balance of trade , Commodities , International trade




More publications in this series: Working Papers


More publications by: Robert Tchaidze