Description |
1 online resource (33 pages) |
Series |
IMF working paper, 2227-8885 ; WP/98/86 |
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IMF working paper ; WP/98/86.
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Summary |
This paper analyzes the behavior of the Japanese effective exchange rates during the recent floating rate period by estimating the long-run rates from several exchange rate models. Therefore, the degree and the duration of the misalignment of the exchange rates can be observed by comparing the actual exchange rates with our estimated long-run rates. Furthermore, this paper examines questions related to the potential problems in estimating long-run exchange rate levels; in particular, it discusses the sensitivity of long-run rates to underlying economic theories and problems posed by the definition of the variables. 2 |
Bibliography |
Includes bibliographical references (pages 21-27) |
Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
Subject |
Foreign exchange rates -- Japan
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Cointegration -- Japan
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Cointegration
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Foreign exchange rates
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Japan
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Form |
Electronic book
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Author |
International Monetary Fund. African Department, issuing body.
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ISBN |
1451896921 |
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9781451896923 |
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1281324078 |
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9781281324078 |
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1462320708 |
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9781462320707 |
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1452779511 |
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9781452779515 |
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9786613778697 |
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6613778699 |
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9781451850857 |
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1451850859 |
ISSN |
2227-8885 |
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